COLUMBUS, Ohio — The Ohio House and Senate have officially passed the state's new two-year operating budget and sent it to the governor. Lawmakers from both chambers spent the past week working through final differences. A major component of the budget is a flat income tax rate of 2.75%.
“Not only did we pass a balanced budget, but we also, for the first time ever, gave Ohioans a flat tax, which I think is a huge step forward for the state’s future economic development and opportunity,” said Rep. Susan Manchester. “It’s just showing Ohioans that you can build wealth and win and not have to pay the government more of your hard-earned money.”
Gov. Mike DeWine now has a few days to consider line-item vetoes. The budget bill must be signed by June 30, as the new fiscal year begins July 1.
