Kasich Wants Budget Surplus Spent On Rainy Day Fund, Tax Relief

Aug 8, 2018

Governor John Kasich announces a new reduction in tax withholdings through a plan that he would implement in November as long as economy stays steady
Credit Ohio Public Radio

Ohio Governor John Kasich wants to use a projected budget surplus on the state rainy day fund and lower withholding taxes. 

The proposal is based on a projected 368 million dollar surplus. It would add 68 million to the rainy day fund and would provide 152 million to Ohioans through reduced withholdings now instead of expected tax returns next year. Kasich says he'll decide whether to act after looking at a couple more months of state revenue projections. The governor, who leaves office at year's end, has warned lawmakers against tapping the fund for pet projects down the road instead of saving it for tight budgetary times.