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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:

  • May 02, 2024

    OSCPA asks legislators to support bills designating accounting as STEM field

    OSCPA reached out directly last week to Ohio’s 15 members of the U.S. House of Representatives and two U.S. senators to ask them to support legislation that incorporates accounting education into the STEM curricula for K-12 students. This effort is part of OSCPA’s broader goal of increasing the pipeline of future Ohio CPAs.
  • Apr 26, 2024

    Senate Select Committee on Housing releases report findings, recommendations

    After 35 hours of listening to testimony from more than 200 witnesses across Ohio, the Senate Select Committee on Housing announced April 24 its findings and provided 23 recommendations the General Assembly should look at to fix the current housing crisis in Ohio.
  • Apr 26, 2024

    DOL issues final rule on overtime regulations

    The Department of Labor (DOL) has issued its final rule altering the overtime regulations under the Fair Labor Standards Act.
  • Apr 26, 2024

    Politicos on the Move: April 28, 2024

    The House Republican Caucus voted 63-0 on April 24 to appoint primary election winner New Franklin Councilman Jack Daniels to replace former Rep. Bob Young in the 32nd House District.
  • Apr 26, 2024

    Week in Review: April 28, 2024

    Auditor of State Keith Faber issued a warning to state and local government employees about reviewing requests to redirect payments from public accounts, saying that at least 23 government offices in Ohio have been affected by such scam attacks in the past 12 months.