Posted on 06/10/15 by Wendy Patton in Revenue & Budget
As the Ohio Senate rolls out its version of the budget for 2016 and 2017, Senate President Keith Faber tells us that the severance tax on oil and gas production they hoped to include is not yet done. “The governor’s office has been willing to negotiate and the industry has been willing to show up… and sometimes negotiate,” he said. [image:1] Shale drilling is growing in Ohio, as the chart below from the United States Energy Information Administration shows. But Ohio hasn’t been able to hammer out a reasonable tax level, even though other heavy fracking states have a much higher tax... read more
Posted on 06/05/15 by Zach Schiller in Revenue & Budget
Legislators in Columbus are heading into the stretch run of approving a two-year budget, and much of the attention has focused, as it should, on how much the Senate will add to the $1.2 billion... read more
Posted on 04/13/15 by Zach Schiller in Revenue & Budget
MillerCoors has a gripe about its taxes. Every year, the company saves $350,000 because, like other brewers, beer importers and wholesale dealers, it gets a 3 percent credit for paying its Ohio alcoholic beverage taxes... read more
Posted on 04/10/15 by Zach Schiller in Revenue & Budget
Next week, a new version of the two-year state budget will be introduced in the Ohio House of Representatives. One of the many items worth watching: What happens to a new, $350 million-a-year tax break... read more
Posted on 03/25/15 by Wendy Patton in Revenue & Budget
The executive budget is big on innovation. Gov. John Kasich’s proposed budget contains six line items supporting “innovation funds” of one kind or another, at a cost of $262 million over the next two years.... read more
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