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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:

  • Oct 25, 2024

    Meet the candidates who will maintain stability, integrity and fairness on Ohio’s highest court

    Amid all the attention the election generates, it is important that voters not lose sight of a crucial decision facing Ohio voters this November—the election of Ohio Supreme Court justices.
  • Oct 25, 2024

    Week in Review: Oct. 27, 2024

    The Ohio Third Frontier announced Tuesday it had approved almost $6.5 million in grants to support research and commercialization of medical, military and scientific technology as part of the Technology Validation and Start-up Fund.
  • Oct 18, 2024

    OH|TAX eServices update coming in December

    This update will let taxpayers file more types of returns, including sales, public utility personal property, employer and school district withholding, adult use cannabis, public utility excise, and natural gas excise taxes.
  • Oct 18, 2024

    Week in Review: Oct. 20, 2024

    The Ohio Department of Commerce Division of Unclaimed Funds recently reminded banks and other businesses operating in the state of Ohio to submit their unclaimed funds reports to the division by Friday, Nov. 1, even if there are no funds to report.
  • Oct 13, 2024

    Week in Review: Oct. 13, 2024

    Social Security benefits and Supplemental Security Income payments for more than 72.5 million Americans will increase 2.5% in 2025.