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Ohio lawmakers pass budget with tax cuts and new school funding formula

Ohio lawmakers finally settled on a $75 billion, two-year spending plan that cuts income taxes, creates a new school funding formula and allows college athletes to make money off their fame.  Ohio lawmakers sent the bipartisan budget to Gov. Mike DeWine Monday evening following an 82-13 vote in the Ohio House and 32-1 vote in the Ohio Senate. Sen. Teresa Fedor, D-Toledo was the sole no vote in that chamber. DeWine has a deadline: He must sign the bill before Thursday.  Here are some of the big changes that Ohio lawmakers made. Tax cuts and refunds  They finally landed on an across-the-board income tax cut of 3%. The minimum amount Ohioans can earn before paying any income taxes was also raised to $25,000 a year, and lawmakers eliminated the top income tax bracket for wealthy residents. 

Two-Year Ohio Budget Passes, Heads To Governor Just Over A Day Before Deadline

Two-Year Ohio Budget Passes, Heads To Governor Just Over A Day Before Deadline
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Ohio state legislature passes 2-year state budget

Ohio state legislature passes 2-year state budget
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