Husted: State’s Rainy Day Fund Will Fall Well Short of What’s Needed

During the governor’s COVID-19 press briefing on Wednesday, April 22, Lt. Gov. Jon Husted told reporters that Ohio’s $2.7 billion Budget Stabilization Fund will be insufficient to balance the state budget over the next 15 months. It will likely require twice that amount to recover the state’s expenditures during the emergency, he said.

Gongwer News Service reports that Senate President Larry Obhof (R-Medina) has said he expects the General Assembly to act on some sort of budget correction measure before the summer. 4/22/2020