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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:

  • Jul 11, 2025

    OSCPA’s priorities avoid Governor’s veto pen, signed into law

    In his final biennial budget, Gov. Mike DeWine took the veto pen to the most items of his governorship, striking 67 items out of HB96 (Stewart), including several property tax provisions, before signing it just before midnight on June 30.
  • Jul 11, 2025

    OBBB preserves the SALT deduction for all PTEs

    As a result of advocacy efforts, the final version of the federal reconciliation bill signed into law by President Trump on July 4 retains the ability of all pass-through entities to continue deducting state and local taxes at the entity level.
  • Jul 11, 2025

    Ohio’s FY25 revenues exceed estimates by $1 billion

    According to preliminary revenue data from the Office of Budget and Management released July 7, Ohio exceeded its revenue forecast for the just concluded FY25 by $1.04 billion or 3.7%. The Personal Income Tax accounts for the bulk of the overage.
  • Jul 11, 2025

    Ohio’s Sales Tax Holiday set for the first two weeks of August

    Ohio’s 2025 Sales Tax Holiday is almost here. Scheduled to run from Friday, Aug. 1 through Thursday, Aug. 14, the holiday sales tax exemption will apply to items priced at $500 or less, purchased in-person or online, with some exceptions.
  • Jul 11, 2025

    Week in review: July 13, 2025

    A summary of Ohio's legislative news for the week ending July 11, 2025