Senate Budget Plan Supports Ohio Families by Investing in Critical Human Services and Providing Significant Tax Relief
COLUMBUS – The Ohio Senate today unveiled its first draft of the state’s two-year operating budget (Sub. H.B. 166) that invests in Ohio’s essential human services while providing significant tax relief to hard-working Ohioans.
“The budget is an opportunity to invest in Ohioans and in the priorities they’ve asked us to work on for them,” said Senate President Larry Obhof (R-Medina). “Our role in the legislature is to ensure wise stewardship of your tax dollars, responsibly investing in critical services, while seeking ways to make government efficient and accountable to the taxpayer.”
“I’m proud of the meaningful investments the Senate makes in our families and communities,” added Senator Matt Dolan (R-Chagrin Falls), Chair of the Senate's Finance Committee.
Major provisions of the Senate’s plan include: Providing Critical Human Services
Investing in Our Children’s Education and Career Readiness
- Helping families in crisis by restoring and increasing funding for kinship and crisis care and targeted efforts to keep families with multi-system youth together as they seek treatment.
- Improving care for Ohio's low income, elderly citizens by increasing funding for home-living programs, like PASSPORT.
- Increasing funding for Ohio’s foodbanks and vital community service providers like Boys and Girls Clubs, United Way family stability programs, Ohio Children’s Trust Fund, Lead Safe Cleveland Coalition, among others.
- Protecting increased funding levels for indigent defense funding and for Ohio’s local drug courts which help Ohioans struggling with addiction receive treatment in lieu of conviction.
- Investing in a pilot program to help veterans who struggle with PTSD achieve healing and stability in their lives.
Preserving Ohio’s Water Supplies and Natural Resources
- Expanding availability of new funding for $550M in "wrap-around wellness" services in our K-12 schools.
- Adding $100M in additional funding for school facility construction, with an emphasis on supporting low-income school districts.
- Providing enrollment growth supplements to growing school districts.
- Increasing funding for Ohio's nationally-recognized libraries.
- Increasing funding for higher education institutions and for College Opportunity Grants.
- Providing reimbursement options for workforce-related credential programs.
Providing Significant Tax Relief to Hard-Working Ohioans
- Fully funding the H2Ohio program over the next two years in a comprehensive effort to deal with the challenges faced by Lake Erie and Ohio's other vital waterways.
- Providing additional funding for maritime port economic development in opportunity zones across Ohio.
One of the most important ways the Senate believes the state can invest in Ohioans is by returning tax dollars to the taxpayer. The Senate plan provides:
- Tax relief for working families by removing the bottom two tax brackets.
- An across the board income tax reduction of 8% over the biennium, providing Ohioans opportunities to build their future, not build big government.
- Protects tax cuts for small businesses, the backbone of Ohio's economy. The bill restores zero income taxes on the first $250,000 earned by small businesses, with revenue over that taxed within Ohio's new marginal rates.
The Senate’s tax relief package represents an over $600 million tax cut for Ohioans and represents the Senate’s belief that lower taxes and less regulations make a significant difference in Ohio’s economy and the lives of the people who call Ohio home.
The Senate’s version of the state budget was accepted today in the Senate’s Finance Committee, and the committee will be holding hearings this week on Wednesday, Thursday and Friday and next Monday, all of which can be watched live on The Ohio Channel and at www.OhioSenate.gov. For more information on testifying on the budget during committee hearings, please contact the office of Finance Chair Senator Matt Dolan at (614) 466-8056 or Dolan@OhioSenate.gov.
Today’s news conference is archived on www.OhioChannel.org. Follow @OhioSenateGOP on social media for more information and daily updates.