Republicans in the Ohio Senate are pushing for colleges to cut students’ costs by 5 percent and want the state to set up a drug prison where addicted inmates can get treatment.
New Fiscal Year Brings New Tax Breaks
It’s July 1, which means the state is ringing in a new fiscal year.
One group is calling attention to some so-called special interest policies taking effect.
Many changes in Gov. John Kasichâ€™s budget update will now beginâ€”including $400 million in tax cuts. But the liberal-leaning research group Policy Matters Ohio says the measure also contains more specialized exemptions, such as for fraternal groups and investors in small companies.
Policy Mattersâ€™ Zach Schiller highlights even more specific carve-outs, such as one that allows a medical assistance facility in Twinsburg to reapply for a property tax exemption.
Schiller says these policies donâ€™t make a huge dent to revenue.
â€œWhile the benefit isnâ€™t extraordinary, it does reflect one individual taxpayer getting special treatment,” Schiller says.
And Schiller also says these kinds of tax cuts wonâ€™t boost the stateâ€™s economy.
Tax Commissioner Joe Testa disagrees and says the tax breaks as a whole will encourage job growth and leave more money in the pockets of Ohioans.