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The Republican candidate for Ohio governor has said he wants to roll back property taxes to pre-pandemic levels, but a progressive think tank said that would mean billions of dollars in cuts.
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Republican lawmakers are once again proposing eliminating Ohio's income tax by no later than 2028, and this bill also would erase the commercial activity tax, which 90% of businesses now don't pay.
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There are some key differences between the budgets created by Republicans in the House and Senate, both of which passed with very little support from minority Democrats.
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The Republican Senate leadership's budget expands its previous tax cut proposal and adds controversial bills to take power away from elected state school board members and to make sweeping changes at Ohio's universities.
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The Ohio Senate Finance Committee has released its working budget, and it includes many changes from the budget passed by the House.
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The House Republicans' version of Ohio's two-year spending plan is likely to voted out of committee Wednesday, with a full House vote possible next week.
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Republican lawmakers are pushing for tax cuts during the budget process.
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The Ohio Senate is now considering the $74.7 billion two-year state budget, which includes a 2% income tax cut. The Republican who’s leading the committee looking at the spending plan says he hopes that will change.
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Ohio Senators are now holding hearings on the $74 billion state budget plan that makes tax cuts and overhauls school funding.
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On a mostly party line vote, the Ohio House has approved the version of the $74.4 billion two-year state budget that was proposed by Republican leadership.