The Ohio General Assembly has finalized its two-year, $60 billion biennial budget, advancing it to Gov. Mike DeWine after bipartisan conference agreement and separate votes in both chambers.

Key components of the budget include:

• Flat income tax: Beginning in 2026, the current two-bracket system will shift to a flat 2.75% rate for all Ohioans earning above $26,050, reducing revenue by over $1 billion
• School funding adjustments: A compromise sets a 40% cap on school districts’ allowable carryover of property tax collections, after initial House and Senate proposals of 30% and 50%, respectively
• Browns stadium financing: The budget establishes a sports facilities fund using unclaimed state funds, diverting $1.7 billion total, with $600 million earmarked for the Browns’ domed stadium in Brook Park
• An elimination of the data center sales tax exemption on certain purchases currently offered by the Ohio Department of Development. This elimination would create uncertainty around many projects in Ohio that provide both direct and indirect jobs for Ohioans, as well as tax revenue

The completed budget will now be sent to Gov. DeWine, who may then sign it—potentially with line‑item vetoes—or reject specific sections by June 30. 6/25/2025