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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:

  • Oct 29, 2023

    Week in Review: Oct. 29, 2023

    Ohio's unemployment rate remained at 3.4% in September, according to the Ohio Department of Job and Family Services, showing no change from August
  • Oct 27, 2023

    Reminder: Changes are coming soon to Ohio's Commercial Activity Tax

    As a result of the recent passage of Am. Sub. H.B. 33 of the 135th Ohio General Assembly, beginning in 2024, businesses with taxable gross receipts of $3 million or less and, for tax periods beginning in 2025 and thereafter, businesses with taxable gross receipts of $6 million or less will no longer be subject to the CAT.
  • Oct 27, 2023

    Don’t forget to vote in Nov. 7 election

    With the Nov. 7 election getting closer, you have the chance to still vote early or submit an absentee ballot.
  • Oct 22, 2023

    Week in Review: Oct. 22, 2023

    The DeWine administration announced Monday that a new skills-based search function will help people applying for jobs in state government find positions based on specific experiences, skills and training rather than just academic degrees.
  • Oct 20, 2023

    OSCPA Town Hall discusses reframing accounting profession’s story

    OSCPA is doing its part to amplify and promote the true story of the accounting profession.