News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Akron General

Knight Foundation

NOCHE


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Government and Politics


Ohio hikes its estimates of tax revenues
Budget director says about half of extra revenues will be available for tax cuts
by WKSU's STATEHOUSE BUREAU CHIEF KAREN KASLER


Reporter
Karen Kasler
 
Budget Director Tim Keen testifies to the budget conference committee.
Courtesy of Karen Kasler
Download (WKSU Only)
In The Region:

The committee working out the differences between the House and Senate versions of the state budget now has updated estimates on tax revenues and the cost of Medicaid. Those numbers were higher than previous estimates, but they came with a caution.

LISTEN: KASLER ON TAXES

Other options:
Windows Media / MP3 Download (1:00)


The Office of Budget and Management estimates Ohio will collect $709 million more in tax revenues than the original forecast. But Budget Director Tim Keen says after payments to the federal government for unemployment benefits, transfers to the rainy day fund and other expenses are covere, the state will have only about $397 million extra to do more tax cuts or spending.

Conference committee members, from left to right, Rep. Vernon Sykes (D-Akron), Rep. Jeff McClain (R-Upper Sandusky), Rep. Ron Amstutz (R-Wooster), Sen. Scott Oelslager (R-Canton), Sen. Bill Coley (R-Middletown) and Sen. Tom Sawyer (D-Akron) listen to Keen's tesimony
“We will have to carefully review the policy choices that we make in order to ensure that we maintain an appropriate structural balance,” Keen says.

The House budget includes a 7 percent income tax cut, while the Senate version has a 50 percent tax cut, but only for small businesses. Conference committee co-chair Ron Amstutz, a Republican of Wooster, says the warning from Keen was understood.

“It’s going to be probably a more modest package than simply adding the two (House and Senate tax cuts) together," Amstutz says.

Amstutz hopes the committee will have recommendations early next week. The deadline for the new two-year budget to pass is July 1.

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

Ohio Supreme Court hears arguments on who should be paid minimum wage
Just a correction for your story: The trial court sided with the owners. The court of appeals sided with the sales reps.

Husted defends the use of "monopoly" in the wording of Issue 3
Jon, Give me a break. Why don't you concentrate your efforts on other issues to make Ohio a better place to live. Your comments about monopolizing the marijuana...

The Sierra Club is launching ads against Ohio's U.S. Sen. Rob Portman
“'I don’t know what the ad’s going to say. But I hope it’s truthful,' said Portman." This from a man who voted "no" last winter on a Senate resolution s...

Ohio Republicans protest the loss of Mt. McKinley
I believe the U.S.gov't. was overstepping its bounds by renaming a mountain that belongs to Alaska. How would we like it if Alaska (or any other state) telling ...

Pluto: University of Akron cuts baseball - should football be next?
remember when akron and Youngstown state were both in the ovc. As a Morehead State fan, made trips to both schools and had a wonderful experience. Played Akron ...

Ohio to aid young adults who age out of foster care
I think it's a great idea. I worked for an at risk high school and it was really sad to see the amount of kids who had no where to go because they had aged out...

Could University Circle developments ripple into East Cleveland?
Outsiders are so far off the beaten path and you all need to attend the meeting being held today 8/31/15 Cleveland Public Library, 1:00 PM. http://44112news.co...

ResponsibleOhio leader says the state is trying to set Issue 3 up for failure
Ohio suppose to believe that a group of investors were united under one cause to legalize marijuana.Once legal they all of sudden turn into 10 different compani...

Terry Pluto: U of A's new athletic director has the toughest job in town
It is a hard sell. The Students do not want to go to the football games and they do not want to pay for the program. They have a lot of student loan debt and t...

Akron considering the future of the B.F. Goodrich smokestacks
This BFGoodrich alumna says, "Thank you, Dave Lieberth!"

Copyright © 2015 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University