Small business owners are salivating at the prospect Ohio might raise up to $1 billion over five years by hiking taxes on natural gas liquids drillers and using the revenue to pay for a general income tax cut.
Ohio Attorney General Mike DeWine has adjusted a recently released report on state business incentives to show almost six in 10 recipients of economic development grants, tax credits and other perks have met the conditions of their state agreements.
That's an improvement from a December version of the report, which found nearly half of recipients had failed to meet their terms.
Some good news for consumers today: Columbus Gas of Ohio says a near-record gas supply is driving down prices.
Columbia says beginning in March, the average monthly bill for customers who spread payments out through the year will drop from $82 a month to $53. Columbia spokesman Ken Stammen says the price drop comes amidst a mild winter and near-record gas supplies.