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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:

  • Aug 11, 2023

    Revenues top estimates by $13.2M in first month of FY24

    The Office of Budget and Management released July 2023 preliminary revenue data Monday. For this first month of FY24, total General Revenue Fund tax receipts finished $13.2 million (0.6%) above estimate.
  • Aug 11, 2023

    Week in Review: Aug. 13, 2023

    Gov. Mike DeWine announced the latest round of funding from the Ohio Department of Transportation's Highway Safety Improvement Program that will see $61 million go to 27 new traffic safety projects around the state.
  • Aug 04, 2023

    Ohio Supreme Court decision will impact future tax cases

    While members are still awaiting the decision on the 2020 municipal income tax refunds, the Ohio Supreme Court sided with the oil and gas industry in a major decision affirming a series of sales/use tax write-offs for equipment used in oil and gas “fracking.”
  • Aug 04, 2023

    Last chance to preview Ohio's new tax system

    This September, the Ohio Department of Taxation will launch a new system to manage Ohio's individual and school district income taxes.
  • Aug 04, 2023

    Week in Review: Aug. 6, 2023

    Ohioans seeking jobs at Intel and associated supplier businesses will be able to undergo training through a modular curriculum announced by community and technical college leaders along with Lt. Gov. Jon Husted and Intel Ohio General Manager Jim Evers.