Tue June 25, 2013
Ohio Panel To Hash Out Final State Budget Changes
An Ohio legislative panel is scheduled to put the finishing touches on the state budget after a Tuesday afternoon meeting.
The six-member conference committee working out the differences between the House and Senate versions of the spending blueprint planned a vote after the meeting.
Majority Republican leaders have already announced some tax changes expected to be included in the budget. Those include a gradual income tax reduction over three years, beginning with an 8.5-percent cut in the first year.
The income tax cut would be paid for in part by an increase in the state sales tax, which would go from 5.5 percent to 5.75 percent.
State lawmakers face a June 30 deadline to pass the almost $62 billion, two-year spending bill.