Ohio's budget director Tim Keen told a budget compromise committee Wednesday that tax revenues were up $1 billion over estimates for the fiscal year that ends this month and $421 million for the next two-year budget cycle. The current-year boost comes from stronger income tax filings, as the state looks to recover from the worst recession since the Great Depression.
Ohio will get an additional $110-million thanks to a deal reached between Governor John Kasich and casino operator Rock Ohio Caesars. In exchange ROC will only pay Ohio's commercial activity tax on what people wager, minus winnings. Rock CEO Dan Gilbert calls the deal fair and reliable.
Gilbert says the size and scope of the Cincinnati casino isn't changing. He expects to open in spring 2013. Governor Kasich says Ohio needed a comprehensive gaming plan.
Ohio Treasurer Josh Mandel is requesting an investigation into whether banks overcharged four of Ohio's five pension funds and the state's injured worker insurance fund for foreign currency services.
In a letter Tuesday to Ohio Attorney General Mike DeWine, Mandel says banks may have manipulated exchange rates on foreign investments over the past dozen years, costing Ohio pensioners and businesses tens of millions of dollars.
Ohio State University has evacuated four buildings, including the main library, because of bomb threats e-mailed to the FBI. FBI spokesman Michael Brooks says the threat was sent to the bureau's Washington headquarters Tuesday morning.
Campus police say they were alerted shortly before 8:30 a.m. Tuesday that the threats involved the William Oxley Thompson Memorial Library and three laboratory buildings. All were evacuated. Students and faculty have been warned to stay out of the area.
Four Ohio cities made a dubious list last week. According to a report, Columbus, Cleveland, Cincinnati and Dayton are among the top 15 most bedbug infested cities in the country.
The report came from the pest control company, Terminix, and when it came out, it was icky news for Ohioans. More than any other state, Ohio appears to be having a big bedbug problem. But Jen House, with Ohio Department of Health says it's important to remember that this study was based on the number of calls Terminix received from across the state.