State Budget Includes Tax Relief, School Funding Overhaul

This week, the Ohio House voted 70-27 to approve its version of the state operating budget for fiscal years 2022-23. With $74.7 billion in total General Revenue Fund appropriations and $162.8 billion in all-funds appropriations, the two-year budget (HB 110) includes a 2% across-the-board income tax cut and a nearly $2 billion school funding overhaul. (Here’s how your local school districts would be affected.)

Additionally, the House-approved budget contains the following provisions of interest:

The budget now goes to the Senate, where it will undergo more changes. The General Assembly must pass a balanced budget by June 30. 4/22/2021