Ohio Priority of Proposed Operations
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How to fill out Priority Of Proposed Operations?
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FAQ
State funding for primary and secondary education totaled $11.64 billion in FY 23; is estimated at $12.97 billion in FY 24, the first year of the state's biennium budget (a $1.32 billion or 11.4 percent increase); and is estimated at $13.39 billion in FY 25, the second year of the state budget (a $425.1 million or 3.3 ...
Ohio's combined state and local general revenues were $131.6 billion in FY 2021, or $11,190 per capita. National per capita general revenues were $12,277. Ohio does not levy a corporate income tax but reports some revenue because it has a special tax on financial institutions.
Ohio law consists of the Ohio Constitution, the Ohio Revised Code and the Ohio Administrative Code. The Constitution is the state's highest law superseding all others. The Revised Code is the codified law of the state while the Administrative Code is a compilation of administrative rules adopted by state agencies.
The budget funds the Ohio Department of Agriculture's part of the H2Ohio Initiative with more than $60 million per fiscal year, up from about $55 million per year in the last budget.
Dedicated Purpose Fund Group: Assessments against intrastate revenues of utility companies operating in Ohio, subject to a minimum assessment of $100. The total assessments are based on the agency's appropriation for operating expenses. At the end of each fiscal year any unused funds are credited back to the utilities.
Unlike the federal budget, Ohio's Constitution requires the state to have a balanced budget. This prevents the state from deficit spending.
Earlier this week Gov. Mike DeWine signed an operating budget covering the next two years. The budget is projected at $86 billion for fiscal year 2024 and $105 billion for fiscal year 2025.
COLUMBUS?Building on the strong foundation of the Senate's tax relief package, the Senate and House worked to expand it even more in the final version of HB 33, the state's new two-year $86.1 billion operating budget.
