Budget Brief – Input-Output Analysis

April 21, 2011
   

Economic Impact of Education Cuts in the Kasich Budget Proposal:
An Input-Output Analysis

The $2 billion in cuts to Ohio’s primary, secondary and higher education proposed in House Bill 153 for the FY2012-13 budget may have a larger impact than just the direct jobs cut and the weakening of education in Ohio. This report shows that the indirect and induced impact could also affect educational suppliers and businesses that provide goods and services to those workers who will be laid off due to budget cuts. A more balanced approach, including attention to both the revenue and the spending sides of the budget would have a less detrimental effect on jobs in Ohio and leave the economy in better shape.

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