State Budget Changes Proposed by the Ohio Senate


 A look at some of the proposed changes that state senators are seeking in their $71.3 billion, two-year operating budget:
– Spends $71.3 billion from the general revenue funds fueled by Ohio tax collections, compared to $71.5 billion spent in the House version.
– Exempts first $250,000 in small business income from the state income tax and imposes 3 percent flat rate on small business income above that amount.
– Eliminates means testing that would have resulted in tax increases on Social Security benefits for some recipients. Administration proposal, retained in the House, raised $220.7 million for the state’s general fund and delivered $3.8 million to local governments and libraries.
– Offsets that lost revenue by imposing a 40-cent increase on a pack of cigarettes and similar increased rate on other tobacco products.
– Invests $8 million over two years in tobacco cessation programs.
– Reduces basic state aid to schools by about $65 million, as compared to the House-passed budget.
– Guarantees no district will fall below its fiscal year 2015 funding level while continuing to phase down the tangible personal property supplement.
– Revises school funding formula to drive additional dollars to low-wealth, low-capacity districts while ensuring more districts are on the school funding formula.
– Freezes tuition rates at public two-year and four-year colleges and universities for the two years beginning in July.
– Requires institutions to propose ways to also reduce student costs by 5 percent.
– Increases state higher education funding by $81.9 million a year over the biennium, plus an additional $76.2 million in fiscal year 2017.
– Restores funding for Medicaid coverage for pregnant women up to 200 percent of poverty and restores Medicaid coverage for breast and cervical cancer screenings.
– Rolls back a House plan to require that certain Medicaid beneficiaries contribute to a health savings account, while giving more flexibility to the administration in deciding to create such a policy.
– Provides money for bolstering police training programs and increased training hours.
– Creates a revolving loan fund to help lakes affected by economic distress, including Buckeye Lake; and a government support fund targeted at townships.
– Provides $13 million for digital electronic poll book technology.
SOURCE: Ohio Senate Majority Caucus

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