Senate District 24
Matt Dolan
 
 
 
 
 
Dolan Announces Passage of New State Budget
Protecting Taxpayers, Reducing Regulatory Red Tape while Making Record New Investments in Childhood Programs
July 17, 2019

COLUMBUS— State Senator and Senate Finance Committee Chairman Matt Dolan (R-Chagrin Falls) today joined Ohio Senate President Larry Obhof (R-Medina) to announce the passage of Am. Sub. House Bill 166, the state’s two-year operating budget. The Senate voted 29-1 in favor of the conference committee report approved yesterday. The bill now awaits Governor DeWine's signature.


"We have worked hard and diligently," said Dolan. "This budget preserves tax cuts for our families and job creators, supports children, an educated workforce and our natural resources. I am grateful for the steadfast leadership of President Obhof, my Senate colleagues, and our friends in the House who have remained committed to the process of producing a responsible, balanced budget for people of Ohio." 


Budget highlights include:



  • Investing in Ohioans’ Health and Wellbeing: Makes targeted investments in kinship, multi-system youth, and crisis care, providing funding for families caring for children whose parents are struggling with addiction.

  • Protecting the Health of Ohio’s Natural Resources: Continues to protect the health and viability of Ohio’s lakes and rivers by 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. 

  • Investing in Education and Career Readiness: Provides increased funding for Ohio’s nationally-recognized libraries and programs that invest in early childhood programs.  

  • Supporting Our Veterans: Increases funding for various veterans’ organizations, including innovative programs focused on groundbreaking research for brain trauma and other mental health concerns. 

  • Providing for Vital Community Services: Funding directed to Ohio’s food banks and other vital community service providers, like Boys and Girls Clubs, United Way family stability programs, Ohio Children’s Trust Fund, and the Lead Safe Cleveland Coalition.


"This budget was passed with strong bipartisan support, as both Republicans and Democrats recognized the need for new investment in key childhood and neighborhood programs. We did this while never forgetting our commitment to the taxpayers, and that we believe it’s your money first, not the government’s money,” said Senate President Obhof. “Ohioans earn their money to take care of their families, not to take care of big government.”


The budget includes income tax cuts of nearly $700 million, providing significant tax relief and support to working Ohioans and job creators with the purpose of keeping the state’s economy healthy and growing.


Key elements of the tax reform plan include:



  • Eliminating the bottom two-tax brackets to help Ohio’s lower income families.

  • Implementing a 4% across the board income tax cut for the remaining five brackets. The Senate’s last two budgets have reduced the overall number of brackets from 9 to 5.

  • Protecting the backbone of Ohio’s economy by keeping the existing small business tax deduction framework of exempting the first $250,000 of revenue.


Am. Sub. House Bill 166 will now be sent to the Governor for his signature. When signed, the new operating budget will become effective immediately. 

 
 
 
 
 
 
 
 
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