Mon June 24, 2013
Ohio Panel To Hold Budget Talks As Plan Nears Vote
A legislative panel finalizing Ohio's budget is expected to discuss a tax package that includes a statewide income-tax cut of 10 percent.
The six-member committee planned Monday to hash out the budget differences between the House and Senate, which passed separate tax proposals that must be reconciled.
Republican leaders released details last week of the tax package that is meant to be included in the budget. It calls for 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 two-year, state spending plan.