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Midterm Budget Bill

 

COLUMBUS, Ohio (AP) - The Ohio Legislature has cleared a final version of the governor's midterm budget bill that includes a package of tax cuts.

Passage came Wednesday night after an amendment was added to a separate bill to ensure legislative control over a $300 million Medicaid reserve fund in the budget measure. The fund covers unexpected expenses for the taxpayer-funded health program.

The budget bill includes a package of tax cuts backed by Republican Gov. John Kasich (KAY'-sik). It would double Ohio's earned income tax credit from 5 percent to 10 percent for low-income taxpayers and increase personal income-tax exemptions for residents making under $80,000 a year.

A Kasich spokesman said the governor is expected to sign the bill. Kasich can use his line-item veto authority on the measure.

 

 

 

 

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