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Ohio

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    • Budget timeframe: Biennial

      Fiscal Year begins: July 1 

      The current state budget can be found here.

      Find the legislative session calendar here.

      Find the current legislative leaders here.

      John Kasich

      Gov. John Kasich
      Office of Governor John Kasich
      77 South High Street
      30th Floor
      Columbus, OH 43215-6117
      Phone: (614) 466-3555
      Fax: (614) 466-9354
      http://governor.ohio.gov/

       

       

      Ohio OBM Dir. KeenTimothy S. Keen , Director
      Office of Budget & Management
      30 E. Broad Street, 34th Floor
      Columbus, OH 43215-3457
      Phone (614) 466-4034
      www.ohio.gov/obm
      obm@obm.state.oh.us

       

       

       

      Want a more robust, long-term look at your state's fiscal health, beyond the budget? There are two parts: Click here for the FY2011 Comprehensive Annual Financial Report compiled by the state government, and click here for information on the state's pension liabilities.  

       

      Ohio's "balanced budget" requirements come in the forms of a limit the issuance of debt and an appropriations cap that is tied to the actual revenue raised during previous years. Section 107.33 of the State law creates a cap on appropriations that is the previous year's revenue, adjusted for inflation and population growth, or the previous year's revenue plus 3.5%, whichever is greater. Article 8, Sections 1 and 2 of the 1851 Constitution permit the state to contract debts, to supply casual deficits or failures in revenues, or to meet expenses not otherwise provided for as long as those costs do not exceed $750,000. Title 1, Section 126.05 of the State law requires the director of the budget to notify the governor each month on the status of available revenue receipts and balances. The governor must then prevent expenses of state agencies from exceeding those revenue receipts. Ohio law forbids the carrying over of a deficit from one year to the next.

       

      Even though Ohio has specific balanced budget requirements, the State's Budgetary Comparison Schedules indicated budget deficits (negative net transactions) for the three years studied.

       

      Budgetary information within the Ohio CAFR is presented in a consistent manner all three years and easy to locate. Specific information is also presented efficiently (inclusion of "total" columns). The State's governmental funds include the General Fund and 15 special revenue funds, 23 debt service funds, and 10 capital projects funds. The State budgets on a modified cash basis of accounting. The General Fund, and 11 out of 15 special revenues funds, 9 out of 23 debt service funds, and 9 out of 10 capital projects funds are budgeted. Most but not all funds are budgeted. Revenues are budgeted only for the General Fund. This results in very large gap between actual and budgeted figures.  [from the Institute for Truth in Accounting]

       

      Find the state's bond ratings here.

       

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    • Solutions

      How Reality-Based Budgeting Can Permanently Resolve State Budget Gaps

      State Budget Solutions | by Bob Williams | November 7, 2012

      State Budget Solutions recommends that state legislators take action in 2013 to resolve the serious state financial crises by changing their focus from inputs to outcomes by redesigning budgets from the ground up based on priorities and performance.

    • Solutions

      How to Prevent Future Pension Crises

      by Cory Eucalitto | November 1, 2012

      The time for state and local governments to offer defined contribution retirement plans that protect both taxpayer dollars and public employee retirement security is now.

    • Solutions

      State Lawmakerís Guide to Evaluating Medicaid Expansion Projections

      The Heritage Foundation | by Edmund F. Haislmaier and Drew Gonshorowski | October 17, 2012

      Supporters of Obamacare claim that expanding Medicaid will entail little to no cost to state governments, since the federal government will fund the vast majority of the additional costs. Indeed, some analyses project states achieving savings from adopting the expansion. However, state lawmakers should be wary of accepting such analyses at face value.

    • Solutions

      Medicaid Is BrokenóLet the States Fix It

      The Wall Street Journal | by Paul Howard and Russell Sykes | October 15, 2012

      Block-granting Medicaid is the best way to deliver better, cost-effective care to the most vulnerable Americans.

    • Solutions

      The Case for Reform: Prisons

      Right on Crime | August 1, 2012

      Prisons are supremely important, but they are also a supremely expensive government program, and thus prison systems must be held to the highest standards of accountability.