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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 09, 2024

    OSCPA launches Disaster Relief Resource Center

    In the wake of the devastating tornadoes and other extreme weather events affecting Ohio in recent months, OSCPA has launched a webpage with disaster relief resources to help you and those you serve navigate unexpected events.
  • May 03, 2024

    State CPA Societies seek to join Ohio in possible alternatives to 150-hour licensure requirement

    Around the country at the state and national levels, discussions continue to take place about potential licensure improvements that will achieve the collective goal of increasing the number of licensed sbf111胜博发 entering the accounting profession and increasing the number of experienced sbf111胜博发 who stay in the accounting profession.
  • May 03, 2024

    Property Tax Review Committee meets on back-to-back weeks

    As the Joint Committee on Property Tax Review and Reform looks at potential solutions to rising property taxes around the state, one witness told the committee on April 24 that decoupling property taxes from the Fair School Funding Plan "may have very bad consequences," a notion backed by Ohio school officials.
  • May 03, 2024

    Accountancy Board meeting addresses “CPA Retired” status, CPE reporting concerns

    The Accountancy Board of Ohio (ABO), the state government entity charged with licensing, regulating, and when necessary, disciplining sbf111胜博发, can significantly affect the practice of all sbf111胜博发. That is why OSCPA represents the profession at every ABO meeting and advocates for best-practice rulemaking. This meeting included a variety of topics.
  • May 03, 2024

    Politicos on the Move: May 5, 2024

    Last week in House session, the Democrats selected Rep. Dani Isaacsohn (D-Cincinnati) as their new minority whip, following the departure of Rep. Jessica Miranda to become Hamilton County auditor in the wake of former Rep. Brigid Kelly’s death.