COLUMBUS— State Senator Frank Hoagland (R-Mingo Junction) on Wednesday 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 earlier this week. The bill was signed into law by Governor DeWine, becoming effective immediately.
"We have worked tirelessly on this budget over the past several months and this bill includes several provisions that I was honored to advocate for, including tax cuts for families and job creators, provisions that maintain an educated workforce and critical new funding for a program that holds a promising future for our veterans," said Hoagland.
Senator Hoagland worked diligently to help increase funding for various veterans’ organizations, like Save a Warrior, a program aimed at helping veterans and first responders who suffer from PTSD. The bill also includes $3 million in FY20 and $3 million in FY21 for an innovative program called Transcranial Magnetic Stimulation (TMS), which focuses on groundbreaking research for brain trauma and other mental health concerns.
"Our nations freedom has rested on those who borne the battle. It has been a costly price for many, and some; the debt is too much to bear," said Hoagland, while speaking to the bill on the Senate floor. "I'd like to thank President Obhof and the Governor for being committed to our veterans and their families, reflected in this budget."
Additional budget highlights include:
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:
Am. Sub. House Bill 166 was signed into law by Governor DeWine late on Wednesday and became effective immediately.