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Government and Politics

Budget hole projection rises
Shortfall for state budget may reach $10 billion

Bill Cohen

Ohio's projected money hole in the next state budget may be substantially more than the four to eight billion dollars that's been talked about for the past year. Chris Widener, who will chair the powerful senate finance committee next year, hints it could be a $10 billion shortfall. Widener says the new budget starts out automatically with an $8.5 billion dollar hole.

Widener on what dug the hole

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Senator Chris Widener says his fellow Republicans will start trying to fill the money hole by cutting spending. Governor-elect John Kasich has vowed there won't be any tax hike, but the Ohio Chamber of Commerce suggests higher taxes may be needed.

Related WKSU Stories

Ohio's budget shortfall remains unclear
Tuesday, December 14, 2010

Kasich tackles budget
Monday, December 13, 2010

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