Tax Hikes, Funding Cuts from Last Year's Budget Taking Hold
Bad economic growth, increasing local taxes mark one-year anniversary of budget
House Democratic Leader Tracy Maxwell Heard (D-Columbus) and members of the Democratic caucus today marked the start of the state’s new fiscal year and the one-year anniversary of the largest General Revenue Fund budget in state history. Gov. Kasich signed the last state budget bill on June 30, 2013. At the time, House Democrats stood in opposition to the budget, saying the toxic mix of tax hikes on working and middle class Ohioans and funding cuts to schools and communities would not create the economic opportunity Kasich and his Republican colleagues promised.
Republicans used property and sales tax increases along with funding cuts to schools and communities to target tax cuts at the state’s top income earners—a policy they say helps the state’s economy. Still, Ohio’s job creation rate trails the national average, and the state ranks 38 out of 50 over the last year in job creation according to the Arizona State University W.P. Carey School of Business.