Senate District 22
Larry Obhof
Statement from Ohio Senate President Larry Obhof
July 11, 2018
In response to the Kasich Administration’s announcement today that it is transferring more than $650 million to the Budget Stabilization Fund, Senate President Larry Obhof (R-Medina) issued the following statement:

“Today’s deposit in the Rainy Day Fund marks a significant turnaround from where we began this General Assembly. Last year, the House and Senate faced a $1.1 billion budget gap, but we rolled up our sleeves and got to work, passing a budget that was balanced, conservative and fiscally responsible. I am proud of my Senate colleagues, who worked hard to keep Ohio on a fiscally-sustainable path while investing in the citizens and priorities of this State.

Ohio is in a stronger fiscal position than it has been in years. At nearly $2.7 billion, the Rainy Day Fund is now at its highest point in Ohio history and is just below its recently-increased statutory target. The state’s improved fiscal condition and growing economy show that conservative policies like tax cuts, regulatory reform, and responsible budgeting are working for Ohio.” 
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