Monday, February 4 2013 10:58 PM EST2013-02-05 03:58:26 GMT
On Monday, the governor unveiled his $63 billion plan for 2014 and 2015. He's dubbing it "Ohio's jobs budget 2.0." The budget, that is basically a proposal, is 759 pages long. Among the highlights: ItMore >>
On Monday, the governor unveiled his $63 billion plan for 2014 and 2015. He's dubbing it "Ohio's jobs budget 2.0." Within it, a change to the Local Government Fund has city and township officials talking.More >>
A lightning strike sparked a house fire on South Lakeside Oaks Dr. Thursday night.Several crews from the St. George Fire Department responded to the fire Thursday evening.We're told people were in theMore >>
A lightning strike sparked a house fire Thursday. It happened on South Lakeside Oaks Drive in Baton Rouge.More >>
A former East Baton Rouge Parish School System bus driver pleaded guilty Thursday on drug trafficking and money laundering charges. She was sentenced in federal court to 28 months. The 47 year old BatonMore >>
A former East Baton Rouge Parish School System bus driver pleaded guilty Thursday on drug trafficking and money laundering charges. She was sentenced in federal court to 28 months.More >>
Friday, May 24 2013 3:56 PM EDT2013-05-24 19:56:28 GMT
A teenager was killed and a second was arrested on DUI charges in an overnight accident, according to the South Carolina Highway Patrol. Investigators say a BMW being driven by 18-year-old Cameron StringfellowMore >>
A teenager was killed and a second was arrested on DUI charges in an overnight accident, according to the South Carolina Highway Patrol.More >>
Organizers of the Bayou Country Superfest have released the schedule of performers for this weekend's event at Tiger Stadium.Saturday5:00 p.m. - Aaron Lewis5:45 p.m. - Thompson Square6:45 p.m. - DariusMore >>
Organizers of the Bayou Country Superfest have released the schedule of performers for this weekend's event at Tiger Stadium.More >>
COLUMBUS, Ohio (AP/FOX19) -
Ohio Gov. John Kasich has proposed a sweeping budget that reduces state income and small-business taxes through hikes in other areas, boosts school funding and expands Medicaid.
The Republican governor's plan was unveiled Monday.
The $63.1 billion, two-year budget incorporates a significant rewrite of Ohio's tax code that he says reflects the state's shift from a manufacturing to service economy.
It reduces the tax rate on most small businesses by 50%, cuts the income tax rate statewide by 20% over three years, and lowers the sales tax rate from 5.5% to 5% while imposing the tax on more services.
The plan also incorporates the governor's education funding overhaul outlined last week, which delivers $1.2 billion in additional funding to districts over the biennium.
Highlights of Ohio Gov. John Kasich's two-year budget:
TAX CUTS: Reduces small business taxes by 50%, cuts state income tax by 20% over three years, and decreases sales tax from 5.5% to 5%.
TAX INCREASES: Places taxes on professional services such as lawyers and accountants, and increases tax on large-volume oil and gas drillers.
MEDICAID EXPANSION: Expands Medicaid health care coverage for poor under the new federal health law, making 365,000 more Ohioans eligible. "You'll get greater access to the Medicaid program by a larger number of people statewide and certainly within Hamilton County," said Mike Samet, PIO of Hamilton County Public Health. "This lowers the threshold of the poverty level and brings coverage available to folks who are different percentages of the federal poverty guidelines so I think it raises some of that to get more people in."
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: Gives extra $1.2 billion to public school districts, eases disparities in revenues from local property tax levies, and offers more money to districts based on number of poor, special-needs, gifted and college-bound students. HIGHWAYS: Creates up to $3 billion for road and bridge projects mainly through bond sales backed by future Ohio Turnpike toll revenues.
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