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Thu. 11:26am: GOP leaders to unveil tax package in Ohio budget

June 20, 2013
Tribune Chronicle | TribToday.com

COLUMBUS (AP) - Republican majority leaders in Ohio plan to release details this afternoon on an agreement reached over taxes in the state budget.

State lawmakers are finalizing Ohio's next two year-budget. They face a June 30 deadline to pass the almost $62 billion spending plan.

The House and Senate have separate tax proposals that must be reconciled. The Senate dropped a 7 percent statewide income tax reduction passed by the House in favor of small-business exemptions.

House Finance Chairman Ron Amstutz has said lawmakers on a key legislative committee were considering a modest blending of the two plans.

The state budget director says roughly $397 million in uncommitted funds could be left at the end of the current budget year.

The governor has said he wants any extra money returned to taxpayers.

 
 

 

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