In odd-numbered years — like this year — Ohio lawmakers’ top priority is crafting the state budget for the upcoming two fiscal years. During the budget process, the General Assembly largely focuses on the General Revenue Fund (GRF) — the largest funding source for state agencies.
Ohio’s major taxes fund the bulk of the GRF, with more than half of that funding coming from sales-and-use taxes and personal income tax.
As lawmakers prepare to receive the governor’s new budget plan, here’s a look at state spending from the GRF during fiscal year 2020. As illustrated by the Legislative Service Commission, spending for Medicaid — at $15.47 billion — was easily the biggest budget item, followed by K-12 education ($7.85 billion). 1/26/2021