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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:

  • Nov 08, 2024

    Lawmakers expect lighter lame duck, leaner budget

    A panel of lawmakers Nov. 7 said they don’t expect a busier than usual lame duck session, and, looking forward to next year’s budget cycle, expect to have a leaner budget due to the end of pandemic-era federal money and lower revenues.
  • Nov 08, 2024

    Week in Review: Nov. 10, 2024

    From now through Monday, March 31, 2025, income-eligible Ohioans can receive one-time assistance with their home energy bill through the Ohio Department of Development's Home Energy Assistance Winter Crisis Program.
  • Nov 07, 2024

    Ohio CPA/PAC Preferred candidates successful on Election Day

    Ohio CPA/PAC’s Board evaluated hundreds of candidates for the Ohio House and Ohio Senate before giving 91 of them PAC Preferred status earlier in the fall. Of those, all but three candidates were successful.
  • Nov 03, 2024

    Week in Review: Nov. 3, 2024

    Gov. Mike DeWine's administration announced Monday the approval of assistance for six projects expected to create 415 new jobs and retain 1,118 jobs statewide.
  • Nov 01, 2024

    ODT sent errant refunds; seeking money back

    ODT recently informed OSCPA that a small number of taxpayers received refunds or increases to credit carryforward amounts that should not have occurred.