Rep. Romanchuk Applauds Bipartisan Passage Of Biennial Budget
Am. Sub. H.B. 64 cuts taxes, helps small businesses and provides a balanced approach to funding Ohio's schools
 
 
COLUMBUS - 

Representative Mark Romanchuk (R-Ontario) today applauded the House passage of Amended Substitute House Bill 64, the biennial state budget bill that allocates funding to schools and government programs, as well as providing significant tax relief to all Ohioans and small businesses in the state.


Building on the previous tax cut of $2.7 billion, Ohioans will see another tax cut totaling $1.2 billion over the next two years with a 6.3 percent across-the-board income tax reduction beginning this year. The bill prioritizes small businesses by permanently instituting a 75-percent tax deduction for the first $250,000 in income, ensuring that businesses can grow and create jobs.  A commission has also been created in the legislation to discuss further tax reform for the benefit of Ohioans and Ohio businesses.


On the issue of school funding, the budget bill appropriates an additional $950 million in state aid.  The school funding component of the bill ensures that no school will see a decrease in state funding over the next two years. 


“I am pleased that this budget advances Ohio with pro-growth tax policies, reforms to Medicaid and increases in K-12 funding,” Romanchuk said.


The budget bill also prioritizes reforming the state Medicaid program.  The budget develops a plan to move individuals up and off government assistance.  The plan includes implementing premiums for Medicaid recipients, cost transparency measures, requiring the Department of Medicaid to seek approval from the Federal government to allow for savings accounts and work requirements, and requiring a report of clinical care and outcomes.


Another provision in the bill includes the creation of the Ohio Military Facilities Commission, which  provides state funding to Ohio military installations,  such as the one in Mansfield, so that they are prepared for the possible downsizing of our military installations.


Am. Sub. House Bill 64 will now head to the Senate for further consideration.


 

 
 
 
  
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