Kasich, legislative leaders to address lagging state revenue

Ohio Gov. John Kasich delivers his State of the State address at the Sandusky State Theatre, Tuesday, April 4, 2017, in Sandusky, Ohio. (AP Photo/Ron Schwane)

COLUMBUS, Ohio (AP) — Republican Ohio Gov. John Kasich and his budget director are joining state legislative leaders to discuss how a state revenue shortfall will affect upcoming state budget deliberations.

The governor scheduled a news conference Thursday with Budget Director Tim Keen and fellow Republicans, House Speaker Clifford Rosenberger and Senate President Larry Obhof.

The event comes a day after the state budget office reported March revenue receipts fell nearly $319 million below estimates. That included a $203 million lag in tax receipts and a $116 million lag in non-tax receipts.

The Office of Budget and Management attributed the shortfall essentially to three tax areas: income taxes, which were 17 percent below projections; sales taxes, which were about 5 percent below projections; and taxes paid on out-of-state insurance policies.

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