Billions in tax breaks receive little scrutiny, report says
Posted February 22, 2016 in Press Releases
As tax breaks continue to grown, Ohio lawmakers fall short on review.
For immediate release
Contact: Wendy Patton, 614.221.4505
Ohio lawmakers have increased spending on tax breaks, but fiscal oversight of billions of dollars in these tax exemptions, credits and deductions is lacking, a new report from Policy Matters Ohio says.
These “tax expenditures” will total almost $9 billion in the 2017 fiscal year. The tax breaks apply to certain goods and services, industries, activities, individuals and companies. They make up a significant share of overall state spending, but they are not regularly reviewed. Unlike budget spending on public services such as parks, schools and universities