Ohio budget

tax form
FLICKR

State tax revenue came in very close to estimates in November. This is the second month in a row that forecasts have nearly been right on target.

Personal income tax revenue for November was up nearly $12 million, or 1.8 percent over estimates. And total tax revenue was up a half a point over the state budget office’s initial forecasts.

Rosenberger, Kasich and Obhof
KAREN KASLER / STATEHOUSE NEWS BUREAU

State lawmakers overrode six of Gov. John Kasich’s 47 budget vetoes. But one headline-making veto may survive – the one that stops a plan to ask the federal government to increase the tax on managed-care organizations. 

photo of Republican Representative Christina Hagan
OHIO HOUSE OF REPRESENTATIVES

After a fiscal year that showed budget estimates were off for 11 months, a pair of Republican lawmakers wants to change up the budget-making process. They want to create a panel to look at the state’s economic forecast on a more consistent basis. As Statehouse correspondent Andy Chow reports, this could ultimately shift power from the governor’s office.

Republican Rep. Christina Hagan wants to create a financial outlook council that can alert lawmakers of important economic indicators, both good and bad.

Lisa Hamler Fugitt
STATEHOUSE NEWS BUREAU

There were a lot of cuts in this new state budget, largely because tax revenues were off nearly $850 million dollars for the last fiscal year. There’s one budget cut that’s small, but some worry it could have a huge impact on people who really need that money.

For 25 years, the state has offered temporary cash assistance to disabled Ohioans transitioning to federal social security disability. Those payments will be eliminated in the second year of this new budget.  

tax form
FLICKR

The new budget is just a month old, but several communities are said to be considering challenging it in court. They’re concerned about an option that is voluntary, but some say is unconstitutional.

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