State Budget

Politics
8:35 am
Mon February 11, 2013

Budget Gurus Analyze Kasich’s Second Budget Through Agreement and Argument

Gov. John Kasich has long said Ohio needs to be competitive when it comes to taxes – it’s his argument for lowering and eventually eliminating the state income tax. With both tax cuts and tax increases in it, along with the expansion of Medicaid, Kasich’s second budget has generated both praise and controversy.

Neil Clark was the chief financial officer for the Ohio Senate Republican Caucus in the 80s, and is an expert on budgets and taxes. He doesn’t have much love for the plan to levy sales taxes on services where there were no sales taxes before.

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Around the Miami Valley
3:16 am
Wed February 6, 2013

Springfield Chamber reacts to Kasich's proposed budget

Governor John Kasich released his $63 billion budget plan on Monday. The plan, which the governor is calling Jobs Budget 2.0 is set to have a profound effect on Springfield's economy. 

Governor Kasich has proposed $1.4 billion in tax cuts over the next three years and $3 billion in sales tax revenues over the next two years.

Kasich wants to reduce the tax rate on most small businesses by 50 percent and cut the income tax rate by 20 percent over three years.The sales tax rate will also drop from 5.5 to 5 percent.

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Politics
3:14 pm
Tue February 5, 2013

State Budget Brings Welcome News For City Of Dayton

Local officials are breathing a sigh of relief today after Governor Kasich released his budget proposal for the next two years. As Emily McCord reports, cities aren’t facing the kind of cuts they did in the past, and may even see some modest growth.

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Developing
7:04 am
Tue February 5, 2013

Ohio Casino Revenue May Be Less Than Projected

Gov. John Kasich's budget proposal suggests that revenue from Ohio's four voter-approved casinos could be about half of what officials had predicted years ago.

The Cleveland Plain Dealer reports that state officials estimated four years ago that the casinos could take in as much as $1.9 billion a year after all were in operation.

But Kasich's budget proposal issued Tuesday projects that gross casino revenue will be $957.7 million for the fiscal year beginning July 1. It could rise to just over $1 billion in the following fiscal year.

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Politics
6:44 am
Tue February 5, 2013

Highlights Of Governor's State Budget Proposal

- TAX CUTS: Reduces small business taxes by 50 percent, cuts state income tax by 20 percent over three years, and decreases sales tax from 5.5 percent to 5 percent.

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