Four people are dead in two separate accidents in Central Ohio. In Pataskala, investigators say a head-on collision on East Broad took three lives. One vehicle crossed the center line. Early this morning, the driver of a pick-up truck was killed when he slammed into a tree in a residential area south of Route 104 [...]
Ohio Ends Fiscal Year With $800 Million Surplus
Ohio has ended its budget year as expected with a nearly $800 million surplus, money set aside to fund tax breaks and any unexpected Medicaid expenses coming from federal health care reform.
State budget director Tim Keen said Wednesday Ohio beat projections for the fourth consecutive fiscal year through spending cuts and better-than-expected tax revenues.
Overall, revenues lagged the previous year because of tax cuts in Gov. John Kasich’s current two-year budget.
Besides $300 million earmarked for a Medicaid reserve, the funds will pay Credits for low- and middle-income Ohioans; $91 million in accelerated income-tax cuts; and $229 million for expanded income-tax breaks for small-business owners.
What’s left carries over to the new fiscal year that began Tuesday.