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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:

  • Jan 10, 2025

    Week in Review: Jan. 12, 2025

    The Ohio Department of Transportation is asking for a nearly $1.5 billion increase in its proposed budget request for FY26-27, with a continued focus on safety for the upcoming biennium.
  • Jan 09, 2025

    DeWine signs CPA Pathways legislation

    Ohio Governor Mike DeWine signed House Bill 238 into law on Jan. 8, which includes OSCPA-backed legislation that will position Ohio as a national leader in addressing the dire CPA shortage.
  • Jan 09, 2025

    A note from OSCPA President & CEO Scott Wiley

    As I write my last CEO letter as President and CEO of The Ohio Society of CPAs, I am filled with a deep sense of gratitude and pride. It has been an incredible journey, and I am honored to have had the opportunity to lead such a dedicated and talented group of professionals.
  • Dec 22, 2024

    Week in Review: Dec. 22, 2024

    The DeWine administration announced Monday that Amazon Web Services plans to invest around $10 billion in additional funds for its data center infrastructure across Ohio, with hundreds of new jobs expected by the end of 2030.
  • Dec 20, 2024

    Upcoming changes to the Commercial Activity Tax

    Effective Jan. 1, 2025, the annual exclusion amount for business increases from $3 million to $6 million. If your taxable gross receipts are $6 million or less, you will not have to pay the tax.