This February marks the 100th anniversary of an Ohio State tradition. Since 1915, the chimes have been part of University life, housed in one of the oldest and most unique buildings on campus. WOSU’s Tom Rieland has this profile on the Chimes of Orton Hall…
Ohio Officials Announce Budget Shortfall
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State officials project that Ohio will have a deficit of at least $600 million for the budget year that ends next month.
Tax Commissioner Richard Levin says April tax revenue came in $322 million short of what was expected. For the fiscal year through last month, tax revenue was $397 million short of projections.
The state’s Office of Budget and Management says that means the current budget will end with a hole that could reach $900 million or more.
Some fear the state will be forced to use its $950 million rainy-day fund to plug the hole. Lawmakers have been planning to use the money to help balance the next two-year budget.
Gov. Ted Strickland’s administration has already trimmed $1.9 billion from the current budget by using cuts and accounting measures.