2017 State Budget

KAREN KASLER / STATEHOUSE NEWS BUREAU

After a tough year of forecasting last year, the state's budget projections turned out to be right on target for last month. 

 

The state budget office estimates for how much personal income tax revenue it would bring in for October were off by just $141,000. Several categories of taxes were up sharply, such as the commercial activity tax --  nearly 25 percent above estimates for the month. But total tax revenue for the month was down by $80 million or 3 percent, and for the year, it's $13 million off estimates - just one tenth of a percent.

photo of Gov. John Kasich signing the 2015 budget
STATEHOUSE NEWS BUREAU

It may seem like the budget is coming down to the wire. But waiting until the last minute to get the budget in place is pretty typical.

The three budgets Kasich has seen were all signed as the fiscal year was ending on June 30, after being passed by state lawmakers just days before.

photo of Gov. John Kasich
KAREN KASLER / STATEHOUSE NEWS BUREAU

Just before state lawmakers started debating the budget, Gov. John Kasich wasn’t saying much, though he made it clear he was in the Statehouse waiting to get that spending plan.

Kasich invited reporters into his office to see he was meeting with leaders of Ohio’s auto, property and life insurance companies to talk about jobs in that industry – but he wouldn’t talk about the budget.

photo of money
JO INGLES / STATEHOUSE NEWS BUREAU

New numbers from the state budget office show Senate Republicans were correct in saying they needed to close a billion dollar hole in the upcoming budget. The trend of the state having less money to spend is expected to continue.

photo of school bus
PEXELS

Both the House and Senate increased the amount the state will spend on its 610 school districts beyond Gov. John Kasich’s original budget proposal. But school leaders are concerned about a big cut that’s remained through all three versions of the budget.

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