State Budget Watch List: Our Top 4
Income Tax Cuts – These cuts will lead directly to service cuts. We should be investing in education, public safety, and more, not further cutting these and other services that Ohioans rely upon. The Governor is very likely to include the income tax/severance tax swap (we think that’s a bad trade) he proposed last year, but may go further. We are opposed to income tax cuts that disproportionately benefit the wealthiest Ohioans.
Medicaid Expansion – A program that both insures approximately 500,000 Ohioans AND is expected to bring in $1.4 billion in revenue over the next decade?! This is exactly the kind of investment we should be making for the future of Ohio, so One Ohio Now supports the Medicaid expansion.
Education Funding/Formula – Details will be released later today, but we’re hopeful that the Governor will recognize that after $1.8 billion in cuts to K-12 education and $500 million in cuts to higher ed, it is time to re-invest in our education system in Ohio. The new funding formula will be inevitably be hotly debated and we’ll be keeping a close eye on the process.
Local Government Fund (LGF) Funding – After being cut in half in the current budget, we believe restoration of the LGF is the right choice for Ohio. But, it seems likely that the General Assembly will at least not make any further cuts to the LGF. Our voices have been heard on this issue, but we still have more work to do to ensure we’re investing appropriately and adequately at the local level.
What are you paying close attention to in the budget? What are you wondering about? Many questions will be answered on February 4th with the budget’s introduction, and full information should be available in the weeks following.