GOP Ohio senators propose 5% tax cut as part of state budget
3 years, 6 months ago

GOP Ohio senators propose 5% tax cut as part of state budget

Associated Press  

COLUMBUS, Ohio — Ohioans would receive a 5% personal income tax cut and schools would gain more state funding under Senate Republican’s version of the upcoming state budget released Tuesday. The cut is a reward for people who are working, said Senate President Matt Huffman, a Lima Republican, who called it a “stimulus” in the best sense of the word. The Senate budget plan also boosts funding for schools over the House plan by $223 million over two years, using a base annual figure of $6,110 to educate a child. “I think it’s bad idea to just start spending without a plan.” The Senate plan also provides an additional $740,000 for 13 Ohio veterans organizations and sets aside $400,000 for a shelter for homeless women vets in Cleveland.

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History of this topic

Analysis shows Ohio’s new universal voucher program already exceeds cost estimates
1 year, 3 months ago

Analysis shows Ohio’s new universal voucher program already exceeds cost estimates

Associated Press  

COLUMBUS, Ohio — The cost of Ohio’s new universal school voucher program already appears to be more expensive than initially estimated, according to a published report, and that cost will continue to grow as the application deadline is still more than a month away. An analysis by The Columbus Dispatch found the state has received applications totaling approximately $432 million …

Ohio’s $86 billion state budget OK’d by governor, but with vetoes on tobacco regulation and vaccines
1 year, 5 months ago

Ohio’s $86 billion state budget OK’d by governor, but with vetoes on tobacco regulation and vaccines

Associated Press  

COLUMBUS, Ohio — Republican Gov. Mike DeWine cleared Ohio’s $86 billion state budget, signing into law $3 billion in tax cuts and universal school vouchers among hundreds of others provisions for the next two fiscal years. The governor OK’d the massive budget document early Tuesday, but not without line-item vetoes on issues like tobacco regulation — a longtime battle for …

Ohio’s $86 billion state budget clears Legislature, heads to governor
1 year, 5 months ago

Ohio’s $86 billion state budget clears Legislature, heads to governor

Associated Press  

COLUMBUS, Ohio — Ohio’s new budget could include almost $3 billion in income tax cuts, funding for universal school vouchers and hundreds of other measures. Ohioans could see nearly $3 billion in income tax deductions over the next two years — in part by consolidating the current four tax brackets down to two. The budget would also create a Low …

Ohio Senate clears GOP-crafted budget with some contentious policy changes
1 year, 6 months ago

Ohio Senate clears GOP-crafted budget with some contentious policy changes

Associated Press  

COLUMBUS, Ohio — The Republican-dominated Ohio Senate cleared its version of the state’s operating budget Thursday along party lines with a nearly $86 billion price tag, tackling funding for universal school vouchers, income tax cuts and public assistance programs, among hundreds of other provisions. Spending cuts to childcare, public education, food banks and affordable housing are prompting Democrats and advocates …

Connecticut Senate passes $51 billion budget with historic tax cut, governor says he’ll sign it
1 year, 6 months ago

Connecticut Senate passes $51 billion budget with historic tax cut, governor says he’ll sign it

Associated Press  

HARTFORD, Conn. — Connecticut’s two-year, $51 billion state budget — including a historic cut to personal income taxes — cleared the General Assembly with strong bipartisan support on Tuesday and now heads to the governor for his expected signature. “This budget will deliver the largest personal income tax cut in the state’s history,” Lamont said in a written statement issued …

Ohio Senate will nix House projects from budget, clears path for new $1 billion fund
1 year, 6 months ago

Ohio Senate will nix House projects from budget, clears path for new $1 billion fund

Associated Press  

COLUMBUS, Ohio — Ohio senators plan to remove earmarks for $1 billion in one-time spending from the state operating budget and place the money into a new fund for community projects to be doled out next spring, a high-level Ohio Senate source told The Associated Press. Creation of the One-Time Strategic Community Investment Fund, to be announced Tuesday, would nix …

Indiana GOP budget: School voucher expansion and tax cuts
1 year, 7 months ago

Indiana GOP budget: School voucher expansion and tax cuts

Associated Press  

INDIANAPOLIS — Indiana’s new state budget will expand eligibility for its private school voucher program to higher earners and speed up planned income tax rate cuts under a deal announced Wednesday by Republican legislative leaders. Republican Senate President Pro Tem Rodric Bray said many senators were concerned about the voucher expansion’s cost but that projected growth in state tax collections …

Ohio House approves $88B state budget, sending it to Senate
1 year, 7 months ago

Ohio House approves $88B state budget, sending it to Senate

Associated Press  

COLUMBUS, Ohio — The Ohio House approved an $88 billion state budget Wednesday with bipartisan support, sending it to the Senate after a tense session where some lawmakers in the House’s fractured Republican supermajority were blocked from trying to add a universal school voucher proposal and other changes. Ohioans could see nearly $1 billion in tax savings, increased eligibility for …

House panel OKs $88B Ohio budget, nearly $1B in tax savings
1 year, 7 months ago

House panel OKs $88B Ohio budget, nearly $1B in tax savings

Associated Press  

COLUMBUS, Ohio — An $88.1 billion state operating budget cleared an Ohio House panel Tuesday with nearly $1 billion in income tax savings that majority Republicans say would help the middle class, increased eligibility for vouchers to help students attend private schools, and provisions to help ensure higher wages for some teachers and health care workers. Mike DeWine’s budget proposal …

Missouri Senate moves on compromise plan to cut income taxes
2 years, 3 months ago

Missouri Senate moves on compromise plan to cut income taxes

Associated Press  

— Missouri senators on Tuesday gave first-round approval to a bill to cut state individual income taxes as called for by Republican Gov. The GOP-led Senate’s compromise plan would immediately cut the top income tax rate from the current 5.3% down to 4.95%. Under the Senate’s proposal, gradual cuts to the top income tax rate would be triggered by general …

Prospects for Indiana tax cuts boosted by governor’s support
2 years, 10 months ago

Prospects for Indiana tax cuts boosted by governor’s support

Associated Press  

INDIANAPOLIS — Indiana legislators pushing for significant tax cuts are now getting some support from Gov. The governor has sided for months with state Senate Republican leaders reluctant to embrace major tax cuts, citing uncertainty about the economy despite recent big growth in state tax collections that led House Republicans to push a plan for broad business and individual tax …

Indiana tax cut plan hits wall with state Senate opposition
2 years, 10 months ago

Indiana tax cut plan hits wall with state Senate opposition

Associated Press  

INDIANAPOLIS — The prospects for major Indiana tax cuts dimmed further Tuesday as a leading state senator said he and other senators were “entrenched” in first paying down state debts. That comment came as the Senate’s tax committee stripped provisions from a House-endorsed bill that would have potentially cut more than $1 billion a year in various business and individual …

State budget to include Ohio K-12 school funding overhaul
3 years, 5 months ago

State budget to include Ohio K-12 school funding overhaul

Associated Press  

COLUMBUS, Ohio — A bipartisan school-funding plan in the works for years is back in Ohio’s upcoming state budget, under a compromise approved Monday by a joint legislative committee working out final details of the $75 billion spending plan. The Republican-controlled House had included the education proposal known as the Fair School Funding Plan in its version of the budget …

School funding at heart of Ohio legislative budget debate
3 years, 6 months ago

School funding at heart of Ohio legislative budget debate

Associated Press  

COLUMBUS, Ohio — The way Ohio pays for K-12 education now and in the future is at the heart of debate over the final version of the state’s $75 billion two-year budget. The budget approved by the GOP-controlled House in April included elements of the bipartisan Fair School Funding Plan developed over more than three years. The Senate plan builds …

Highlights of Ohio governor’s proposed 2-year spending plan
3 years, 9 months ago

Highlights of Ohio governor’s proposed 2-year spending plan

Associated Press  

COLUMBUS, Ohio — Small businesses and local communities would share most of a $1 billion initiative to help them recover from the coronavirus pandemic, under Ohio Gov. DeWine’s budget office is projecting $24.8 billion in tax revenue for the fiscal year beginning in July and $25.6 billion for the following year, or about $838 million lower than the Legislative Service …

Highlights of Ohio governor’s proposed 2-year spending plan
3 years, 10 months ago

Highlights of Ohio governor’s proposed 2-year spending plan

Associated Press  

COLUMBUS, Ohio — Ohio Gov. —In an effort to “strengthen Ohio communities, $450 million will be invested in key infrastructure projects, with $250 million of that going toward expanding broadband access to rural parts of the state. —The state will provide $53 million in scholarships to at least 2,000 students to continue efforts to strengthen Ohio’s competitiveness within the fields …

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