The Ohio Department of Taxation (ODT) Friday released its draft tables for the Current Agricultural Use Value (CAUV) over the next three years which would increase tax bills for Ohio's farmers. Andrew Winkel, the administrator of tax equalization of ODT, presented the tables during a virtual meeting as well as all the factors that went into calculating the formula that will be effective for tax years 2022, 2023 and 2024. He said according to the calculations in the model that is used based on data over a five-year period, the average yield for all three main crops in Ohio -- corn, soybeans and wheat -- have increased, and crop prices have also increased. Additionally, the average base cost for production has dropped. This year is also the last year for the implementation of CAUV reform provisions in 132-HB49 (R. Smith), and counties performing tax revaluations will have values based on the full phase in of the reforms passed in that bill.
Intel Corp. this week announced it was delaying a planned ceremonial groundbreaking for its $20 billion semiconductor manufacturing facility in Licking County scheduled for next month, but the company said it is still excited about the project and is not cancelling it. The event had been scheduled for Friday, July 22, but the company has decided to delay it while raising concerns about stalled federal legislation that would provide benefits to the semiconductor industry. Regarding Intel's announcement, Gov. Mike DeWine commented later that he is not worried about the project's not coming to Ohio, but said it is important for Congress to pass federal legislation to assist the semiconductor industry.
Gov. Mike DeWine's administration announced Monday the approval of assistance for two projects expected to create 375 new jobs statewide. During its monthly meeting, the Ohio Tax Credit Authority reviewed economic development proposals brought by JobsOhio and its regional partners. The projects are expected to collectively result in more than $22.9 million in new payroll and more than $213 million in investments across Ohio.
The Ohio Ethics Commission has seen about a 27% increase in the number of requests for advisory opinions this year over last year according to the commission's executive director. Paul Nick told the commission Wednesday that the commission has received 109 requests so far this year when the average is about 96.
In what was described by a Court spokesperson as an "update" to the docket, the Ohio Supreme Court Wednesday denied motions for the Ohio Redistricting Commission members to show cause as to why they should not be held in contempt for not following Court orders. However, the Wednesday rulings in the three separate lawsuits do not apply to the most recent motions by plaintiffs to the Court. In February, after the Court had struck down the second map passed by the Ohio Redistricting Commission, it gave the commissioners until Feb. 17 to come up with a new plan. On that date, commissioners declared an impasse, leading to motions from the plaintiffs to show cause. The Court did not officially rule on those motions, and instead Chief Justice Maureen O'Connor issued an order sua sponte -- a term to indicate a court's action on an issue of its own accord -- for commissioners to appear before the Court and explain why they did not meet the Feb. 17 deadline. After the commission met and adopted a third plan, O'Connor cancelled that hearing. On Wednesday, the Court finally ruled on those February motions to show cause, ruling them moot as the commission had adopted new plans that were later ruled on by the Court, though the majority also struck those plans down as well.
The Ohio Bureau of Workers' Compensation (BWC) Board of Directors on Friday approved its FY23 administrative budget, which has an appropriation of $369.2 million. "This total is a combination of $361.9 million approved in BWC's biennial budget HB75 (Oelslager) and an additional $7.3 million dollars provided by the Ohio Office of Budget and Management (OBM) in May 2022 representing a net amount for cost-of-living adjustments (COLA) and health care savings," a BWC budget summary document says. The BWC FY23 total budget appropriation is $4.4 million or 1.2% greater than the FY22 total appropriation of $364.8 million.