Screen Shot 2019-12-10 at 9.52.32 AM

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:

  • Nov 15, 2024

    Beneficial Ownership Information updates and resources

    Ohio is among the 47 states that have not weighed in on the unauthorized practice of law issue concerning the upcoming beneficial ownership information reporting requirement.
  • Nov 15, 2024

    OSCPA encourages release of CHIPs funding

    OSCPA joined the Ohio Chamber of Commerce and other business groups this week to send a letter to President Joe Biden and the U.S. Department of Commerce urging the immediate release of CHIPS and Science Act funding.
  • Nov 15, 2024

    OSCPA proposes law changes to CPA licensure

    For over two years, we have been listening and learning from our members and collaborating with other state partners about the outdated and counterproductive policies that currently govern CPA licensing laws in our state.
  • Nov 15, 2024

    U.S. District Court invalidates new DOL overtime rule

    The U.S. District Court for the Eastern District of Texas issued its ruling Nov. 15 invalidating the entirety of the Department of Labor’s overtime rule, a decision supported by The Partnership to Protect Workplace Opportunity, of which OSCPA is a member.
  • Nov 14, 2024

    Tax collections on target for October

    Variances in major tax sources balanced out to an on-target revenue haul in October, according to preliminary figures from the Ohio Office of Budget and Management.