Ohio’s official budget gap exceeds $1B over 2 years

COLUMBUS, Ohio (AP) — Final estimates place Ohio’s projected budget shortfall at more than $1 billion.

Legislative budget analysts told the opening day of a conference committee working to meet a June 30 budget deadline that tax revenues are expected to lag projections by $1.02 billion over the two-year budget cycle. The state is also expected to see its share of Medicaid caseload costs exceed estimates by $59 million over the period.

The Legislative Service Commission estimates were in line with what lawmakers had begun to expect. The budget bill that cleared the Ohio Senate on Wednesday already proposed ways to close the gap.

Republican legislative leaders and GOP Gov. John Kasich went public with concerns in April that there would be a revenue shortfall of at least $800 million.

WDTN.com provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others and keep the conversation on topic and civil. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s