SPECIAL REPORT:

From sewing machines to bikes, Huffy has adapted to changing times

Kasich: ‘Everything’ being looked at as state deals with revenue shortfall


Republican Ohio Gov. John Kasich says “everything is under the microscope” as the state looks to makeup a revenue gap in the upcoming state budget.

Kasich also hinted that his proposed income tax cut in the upcoming budget is not likely.

Kasich said they would need to cut the budget proposal by $400 million for each fiscal year to make up the loss.

March revenue receipts fell nearly $319 million below estimates. That included a $203 million lag in tax receipts and a $116 million lag in non-tax receipts.

The governor scheduled a news conference Thursday with Budget Director Tim Keen and fellow Republicans, House Speaker Clifford Rosenberger and Senate President Larry Obhof.

The Office of Budget and Management attributed the shortfall essentially to three tax areas: income taxes, which were 17 percent below projections; sales taxes, which were about 5 percent below projections; and taxes paid on out-of-state insurance policies.

Julie Carr Smyth of The Associated Press contributed to this report.

OTHER POLITICAL NEWS

Wright-Patterson Air Force Base loses out on state funding

Medicaid coverage for 715K Ohioans hands in balance as debate rages

Special Report: Politicians allowed freebies, favors under Ohio ethics laws



Reader Comments ...


Next Up in Politics

The Child Tax Credit is key to tax reform for many families
The Child Tax Credit is key to tax reform for many families

The tax reform framework released three weeks ago by the White House and Republican congressional leadership has lofty goals: Simplify the tax code; provide relief for middle-class families; cut taxes for businesses; end many narrowly focused special tax benefits; and keep the reformed tax code “at least as progressive” as the existing...
Senate candidate Roy Moore says kneeling during the anthem is against the law
Senate candidate Roy Moore says kneeling during the anthem is against the law

Roy Moore, the Republican nominee for the Senate in Alabama, said that NFL players who kneel during the national anthem are breaking the law.  "It's against the law, you know that?" Moore said in an interview with Time magazine. "It was an act of Congress that every man stand and put their hand over their heart. That's the law."...
Protesters rally against travel ban
Protesters rally against travel ban

Muslim Americans had planned to gather in the nation's capital to protest President Donald Trump's latest travel ban on Wednesday, the day it was scheduled to go into effect.  But late Tuesday, a federal judge in Hawaii blocked its implementation, saying that it "plainly discriminates based on nationality." A federal judge in Maryland...
Trump cools on Senate plan for health care fix
Trump cools on Senate plan for health care fix

President Donald Trump on Wednesday backed away from his endorsement of a bipartisan Senate proposal to stabilize health insurance markets, throwing the legislative effort into doubt even as the chief architect of the deal predicted that it would become law before the end of the year.  The latest actions by the White House confused Republicans...
Second judge rules against latest travel ban, saying Trump’s own words show it was aimed at Muslims
Second judge rules against latest travel ban, saying Trump’s own words show it was aimed at Muslims

A federal judge in Maryland early Wednesday issued a second halt on the latest version of President Donald Trump's travel ban, asserting that the president's own comments on the campaign trail and on Twitter convinced him that the directive was akin to an unconstitutional Muslim ban.  U.S. District Judge Theodore D. Chuang issued a somewhat less...
More Stories