Last week, the House revealed its changes to the state budget (HB166) and, for the most part, we like them.
Many of the highlights worth noting are changes to eliminate or scale back various tax loopholes. By closing or scaling back tax breaks and loopholes, the House generates some new revenue to pay for most of the Governor’s priorities while adding some of its own, even while scaling back on DeWine’s two-year revenue estimate to better conform with projections from legislative budget analysts.
Pro-tip: see all proposed House changes to the Governor’s proposed budget by reviewing the comparison document and appropriations spreadsheet.
On Tuesday and Wednesday, the House Finance committee will hear more public testimony (read all submitted testimony, listed by hearing date) on the plan, and is expected to vote on amendments and to pass the bill at its Wednesday meeting (agenda). After that, the bill heads to the full House for a vote on Thursday afternoon or, if needed, Friday morning.
We’ll send more details about what’s in the House amendments later this week to our budget list – sign up if you’re not already a subscriber.