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Ohio


Noon news headlines for July 13, 2012



 
Unclaimed funds lawsuit may be settled; Ohio sending 17 athletes to Olympics; Kasich pushes for drilling tax
Kasich pushes for drilling tax
Gov. John Kasich continues to push for his stalled proposal to hike taxes on oil and gas drillers to pay for a modest statewide income tax cut.

He plans to announce former state Agriculture Director Fred Dailey's support for the plan, which has been sidelined in the GOP-controlled state Legislature.

Tom Stewart, executive vice-president of the Ohio Oil and Gas Association, says he's spoken to lawmakers from both parties who hesitate to raise taxes on companies exploring for oil and gas pockets in shale deposits under eastern Ohio.

Anti-drilling activists say raising taxes on the high-pressure drilling technique of hydraulic fracturing doesn't make it safe.


Unclaimed funds lawsuit may be settled
Ohio says a tentative settlement in a lawsuit over interest earned on Ohioans' unclaimed funds is worth up to $15 million.

The Ohio Department of Commerce collects money from dormant bank accounts, forgotten rent deposits and other sources and invests the money until the owners are found. A judge previously ruled that any interest earned must be paid out to residents who have collected their money.

The department says people who have collected such funds since Aug. 3, 2000, are eligible for interest under the settlement in the class action lawsuit. That doesn't apply if the interest owed is less than $5.

Attorney fees would be deducted from the $15 million available for the settlement, and it still must be approved by a court.

Ohio sending 17 athletes to Olympics
Ohio is sending 17 athletes to the Olympics this year, ranging in age from 21 to 34. They'll compete in 11 different sports at the London games starting July 27.

Among the 530 athletes on the U.S. Olympic team are 4-foot-11 diver Katie Bell, from Columbus. There's also 340-pound weight-lifter Holley Mangold from the Dayton area, who happens to be the little sister of an NFL offensive lineman.

The oldest is 34-year-old soccer player Heather Mitts from Cincinnati, who already won two Olympic gold medals.
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