Walker
The KLD / Downtown
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State's budget gap may hit $10B
SATURDAY, DECEMBER 25, 2010
THE PLAIN DEALER VIA AP
The hole in the next state budget could be as large as $10 billion, nearly $2 billion more that what has been estimated, the incoming chairman of the Ohio Senate finance committee says.
Much has been discussed about roughly $8 billion in one-time grants and other money used to balance the current two-year budget that won't be there in future years.
Walker
The KLD / Downtown
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Ohio's $8 billion budget hole: Was it really that big?
Published: Sunday, May 29, 2011
By Aaron Marshall, The Plain Dealer
The ice cream barely had a chance to start melting last week before Gov. John Kasich blurted out the magic words: $8 billion deficit.
"You all know when I came in things were extremely difficult," the Republican governor told a GOP-friendly group of small-business owners gathered at a gourmet ice cream parlor in suburban Columbus. "We had about an $8 billion deficit, largest in the history of the state."
READ MORE: http://www.cleveland.com/open/index.ssf/2011/05/ohios_8_billion_budget_hole_wa.html
Walker
The KLD / Downtown
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State Senate passes budget that will change Ohio
Tuesday, June 28, 2011
BY JULIE CARR SMYTH
Associated Press
COLUMBUS -- State senators voted today to approve Ohio's nearly $56 billion, two-year state budget bill, a far-reaching collection of policy changes that would privatize state operations, overhaul Medicaid, limit unions, ban abortions at public hospitals and provide tax breaks on investments, income and estates.
DavidF
Elysium Fields
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JimL2 wrote >>
Wait, they're closing the budget deficit by collecting less taxes?
Yep. It's how Republicans raise more money. They also increase the general prosperity by targeting oppressed millionaires with these breaks.
Hard to argue since the economy has done so swimmingly under these schemes.
(must maintain straight face)
Pablo
Crestview Addition
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DavidF wrote >>
JimL2 wrote >>
Wait, they're closing the budget deficit by collecting less taxes?Yep. It's how Republicans raise more money. They also increase the general prosperity by targeting oppressed millionaires with these breaks.
Hard to argue since the economy has done so swimmingly under these schemes.
(must maintain straight face)
That's right, if the job producing class doesn't get more tax breaks they'll move jobs overseas. Oh wait, nevermind....
News
Columbus Underground
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Gov. Kasich Will Put Pen To Sweeping $56B Ohio Budget
By Associated Press
Published: June 30, 2011
Ohio Gov. John Kasich will put his pen to a nearly $56 billion state budget that he says closes a historic budget gap without raising taxes.
The two-year spending plan that cleared the Republican-led Ohio House on Wednesday also privatizes prisons, eliminates Ohio's estate tax, bans most abortions in public hospitals and overhauls Medicaid programs. The GOP-controlled Senate passed the bill a day earlier.
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Columbus Underground
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Ohio House passes $55.8 billion 'reform-oriented' budget
Thursday, June 30, 2011
BY JIM SIEGEL
THE COLUMBUS DISPATCH
The Ohio House voted 59-40 along party lines yesterday to give final approval to a new two-year, $55.8 billion budget that contains considerable changes for local governments, schools, Medicaid and state prisons.
The bill was sent to Gov. John Kasich, who plans to sign it today, the final day of this fiscal year. It will take effect Friday.
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Columbus Underground
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Gov. Kasich signs 'new day' budget for Ohio
Thursday, June 30, 2011
BY JOE VARDON
The Columbus Dispatch
Republican Gov. John Kasich signed his name tonight to his first state budget a two-year, $55.8 billion spending plan that its champions and its detractors agree represents a game-changing document for government in Ohio.
Kasich signed the 3,262-page appropriations measure known as House Bill 153 in his ceremonial office at the Statehouse at 7:56 p.m.. He also executed line-item vetoes for seven items, including a provision that would have canceled a voluntary body-mass index screening program in schools.
READ MORE: http://www.dispatch.com/live/content/local_news/stories/2011/06/30/kasichsignsbudget.html?sid=101
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Ohio's tax revenue jumped $1.5 billion in past year
Friday, July 8, 2011
BY JIM SIEGEL
THE COLUMBUS DISPATCH
The state amassed nearly $1.5 billion more in tax revenue in the just-ended fiscal year than the year before, ending an unprecedented four-year slide in state tax receipts and signaling a definite upswing in economic activity.
Led by income-tax collections that were up 12 percent over the 2010 fiscal year, the state brought in $17.7 billion in tax revenue in the 2011 fiscal year, which ended on June 30. That was an increase of 9.1 percent, according to the latest report from the state Office of Budget and Management.
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Columbus Underground
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Ohio's $2.6 Debt Is Why Latest Stimulus Offer Not Accepted
By: RICK REITZEL
Published: August 22, 2011
Ohio is $2.6 billion in debt to the federal government for unemployment benefits, and that's a big reason why the state will not accept the latest stimulus offer.
The federal government set aside $7 billion to give to states that expanded unemployment benefits.
The new stimulus money would have expanded the number of people eligible for benefits. More than 500,000 Ohioans are unemployed and less than half of those are collecting unemployment benefits.
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Columbus Underground
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State plans frugal budget for repairs
By Jim Siegel
The Columbus Dispatch
Sunday November 27, 2011 11:10 AM
A proposed state construction budget will be limited, unlikely to fund new buildings and contain no money for community projects craved by local leaders, the Kasich administration says.
READ MORE: http://www.dispatch.com/content/stories/local/2011/11/27/state-plans-frugal-budget-for-repairs.html
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