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Ohio Budget


The House on April 21 passed its version of Ohio's biennial budget, wrapping in the school funding plan from House Bill 1 and including a 2% across-the-board income tax cut, which would put more than $300 million back in taxpayers’ pockets. The Ohio Senate has already begun its own hearings on the legislation.

The budget – House Bill 110 – also appropriates $155 million in COVID-19 relief for small businesses and adds more oversight of the executive branch, including the creation of a Joint Legislative Oversight and Review Committee of Federal COVID Relief Aid and the referral of more spending initiatives by state agencies to the Controlling Board for approval. Here is a complete breakdown from the Ohio Legislative Service Commission.

If you have questions about the provisions in the Ohio Budget, contact OSCPA's Government Relations team.

Latest budget news:

  • Mar 06, 2025

    Treasury Department suspends enforcement of Corporate Transparency Act

    In a March 2 update, the Treasury Department announced that with respect to the Corporate Transparency Act, it will not enforce any penalties or fines associated with the BOI reporting rule under the existing regulatory deadlines.
  • Feb 28, 2025

    FinCEN to extend BOI reporting deadline, halts enforcement and fines

    FinCEN will extend the current March 21 BOI reporting deadline, has suspended BOI enforcement and fines and will develop new regulations it says will reduce "regulatory burden," the agency said on Feb. 27.
  • Feb 28, 2025

    Property tax reform bills receive committee hearings

    With the Ohio legislature expected to have over 30 property tax reform bills introduced, hearings have begun on some of the proposals in both the House and Senate Ways & Means Committees.
  • Feb 28, 2025

    Week in Review: March 2, 2025

    The DeWine administration announced Feb. 27 that Ohio's fourth innovation hub will be in Youngstown and has a focus on additive manufacturing technology -- also known as 3-D printing -- that supports the national defense industry.
  • Feb 27, 2025

    OSCPA Town Hall covers Ohio’s biennial budget priorities

    Ohio’s biennial budget is in full swing, and the Feb. 20 OSCPA Town Hall provided an overview of the provisions under consideration and how Gov. DeWine’s last budget proposal of his term aligns with the OSCPA’s legislative agenda.