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Lawmakers Likely To Work Through Weekend On State Budget Deal

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Ohio Public Radio
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It’s looking like the conference committee working on a compromise state budget will go into the weekend – with the deadline to sign the budget on Sunday night. And among the differences between the House and Senate versions is an income tax cut and a small business tax break. Ohio Public Radio's Karen Kasler reports.

The Senate’s income tax cut is 21 percent larger than the one in the House budget. House Speaker Larry Householder (R-Glenford) said Senators paid for that by spending down a cushion in the House budget and taking surplus funds from state agencies.

But Senate President Larry Obhof (R-Medina) said extra money was accessed elsewhere.

“We actually did a few things that I think drew down more federal dollars – we were able to leverage federal dollars more. But in terms of state GRF, I don’t think the difference was very significant," Obhof said.

The Senate also restored a deduction allowing many small businesses to take the first $250,000 of their incomes tax free – the House had dropped that to $100,000.

Budget conferees expect to work through the weekend to come up with a deal.

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