State Representative Kyle Koehler (R-Springfield) applauds the state budget proposal that was unveiled by House Republicans yesterday, particularly in the area of school funding.
“I am very happy with what the our caucus has done in terms of funding schools in Ohio and especially Clark County,” Koehler said. “By being fiscally responsible we have been able to provide permanent tax relief AND increase funding for schools at almost 7.5 percent across the board.”
“As an elected official, I know that the education of our children is most important to the future of Ohio. By focusing on school funding, Republicans are making a commitment to education and our future workforce here in the 79th District.”
Across the state in the area of education, House Bill 64 maintains the footprint of the executive K-12 funding proposal and continues Ohio’s efforts to provide a quality education for all of Ohio’s students by taking into account the school’s income, location and district growth. House Bill 64 contains measures such as:
- Allocating an additional $179 million above the executive proposal into the foundation formula
- Extending to two years safe harbor provisions
- Appropriating $500,000 per year for the SPARK (Supporting Partnerships to Assure Ready Kids) program
- Creating the Ohio Career Counseling Pilot Program to connect high school students with business and community leaders so that they can explore career options
Substitute House Bill 64 has done all of this without raising taxes on business and at the same time creating permanent tax relief with the following proposals:
- Provides a 6.3% across-the-board income tax cut beginning in tax year 2015
- Lowers the top rate to below 5% (4.997%)
- Makes permanent the 75% small business tax deduction.
The bill is still being considered in the Ohio House and will be voted out of the House by the end of April.