Posted on 05/04/15 by Wendy Patton in Revenue & Budget
Ten years ago, lawmakers started chopping away at certain business taxes with the promise that lost revenue we depend on for parks, schools, mental health services and libraries would be replaced. They set up a plan to temporarily reimburse local governments for the lost tax revenue through payment of “tax reimbursements” and said economic growth would ultimately patch the hole. But the economic renaissance never happened, and now lawmakers are poised to further cut tax reimbursements in the budget bill. The upshot is that health and human services are left deep in the hole, on track to lose millions. House Bill 64,... read more
Posted on 04/20/15 by Hannah Halbert in Revenue & Budget
Ohioans sent an unambiguous message with the 2011 defeat of Senate Bill 5: Hands off our freedom to bargain! Yet, some lawmakers are attempting to resurrect long-dead collective bargaining attacks through new provisions added to... read more
Posted on 04/16/15 by Zach Schiller in Revenue & Budget
A new state budget bill now being heard in the Ohio House Finance Committee would cut the state income tax by 6.3 percent, while expanding an existing tax break for business owners. The House budget... 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 04/02/15 by Zach Schiller in Revenue & Budget
Under a law passed in 2008, Ohio’s attorney general must monitor companies that receive loans, grants, or other financial assistance from the state for economic development. The attorney general is required to submit an annual report... 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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