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Highlights of Ohio Gov. John Kasich’s two-year budget


Highlights of Ohio Gov. John Kasich’s two-year budget:

TAX CUTS

  • Reduces small business taxes by 50 percent, cuts state income tax by 20 percent over three years, and decreases sales tax from 5.5 percent to 5 percent.

TAX INCREASES

  • Places taxes on professional services such as lawyers and accountants, and increases tax on large-volume oil and gas drillers.

MEDICAID EXPANSION

HIGHER EDUCATION

  • Puts higher priority on number of students who graduate from public colleges and universities by tying half of state funding to graduation rates, delivering combined $4.7 billion over the biennium.

PRIMARY AND SECONDARY EDUCATION

HIGHWAYS


Reader Comments ...


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