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Headlines : Ohio
Study: Most Ohio School Districts Cut Expenses in Face of State Budget Cuts
Of school districts responding to a survey, 65 percent said their planned spending was greater than their expected revenues, up from 45 percent in 2010.
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Headlines : Ohio
More tax income, less spending aids Ohio budget
The increase is primarily due to stronger than expected sales tax receipts, according to the state budget office. Ohio has also spent less during the same period - about $268 million below estimates laid out in the two-year budget adopted in June.
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Solutions : Ohio
Solving Our State Fiscal Challenges
Advocating for collective bargaining reforms because unless base compensation adjustmentst happen, taxes will have to go up.
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Solutions : Ohio
Legislators should add an umbrella to
Ohio would be well advised to give itself more cushioning that it currently has for economic hardship. After all, when it rains, it often times pours. It's much better to have an umbrella on hand than to stand by and get soaked.
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Headlines : Ohio, California, Illinois
States sell bonds to repay jobless insurance to feds
Altogether, states still owe $37.6 billion to the federal government that they borrowed when their unemployment insurance trust funds sank to zero.
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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/
Timothy 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
2012 Legislative Calendar: Regular Session convenes January 3, meets throughout the year.
Legislative Budget Leaders:
Rep. Ron Amstutz (R), Chair, House Finance and Appropriations Committee, district3@ohr.state.oh.us (614) 466-1474
Sen. Chris Widener (R), Chair, Senate Finance Committee, SD10@senate.state.oh.us (614) 466-3780
Sen. Shannon Jones (R), Vice-Chair, Senate Finance Committee, SD07@senate.state.oh.us (614) 466-9737
Rep. Peter Beck (R), Chair, House Ways and Means Committee, district67@ohr.state.oh.us (614) 644-6027
Rep. Mike Dovilla (R), Vice-Chair, House Ways and Means Committee, district18@ohr.state.oh.us (614) 466-4895
Sen. Tim Schaffer (R), Chair, Senate Ways and Means and Economic Development, SD31@senate.state.oh.us (614) 466-5838
Sen. Bill Beagle (R), Vice-Chair, Senate Ways and Means and Economic Development, SD05@senate.state.oh.us (614) 466-6247
The current state budget can be found here.
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: Ohio
Solving Our State Fiscal Challenges
Advocating for collective bargaining reforms because unless base compensation adjustmentst happen, taxes will have to go up.
-
Solutions: Ohio
Legislators should add an umbrella to
Ohio would be well advised to give itself more cushioning that it currently has for economic hardship. After all, when it rains, it often times pours. It's much better to have an umbrella on hand than to stand by and get soaked.
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Solutions: Ohio
Ten Ideas to Fix Cleveland's Schools
Schools should receive revenue in the same way that the district receives revenue, on a per-pupil basis reflecting the enrollment at a school and the individual characteristics of students at each school.
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BLOG : Ohio
Group Urges Ohio to Release Public Employee Pension Information
Ohioans deserve to know where and how their tax dollars are being spent, as well as the burden the pension system is placing on the state budget and taxpayers.
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Ohio
Survival of Contentious Collective Bargaining Bill Will Be Decided by Ohio Voters
Tomorrow, Ohio voters will decide on Issue 2, a veto referendum on the state's Nov. 8 general election ballot. The measure would repeal Senate Bill 5 (SB 5), the Public Employees' Collective Bargaining Law, which limits collective bargaining rights for about 360,000 public employees in the state.
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Ohio
The State Teachers Retirement Funds (STRS) Misleads Taxpayers and Teachers
By using the State Teachers Retirement System's own data, reading their own admissions, and even following their own assertions, it is evident that Ohio taxpayers are far from off of the hook when it comes to potentially bailing out the pensions.
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BLOG : Ohio, Wisconsin
Bargaining for a Solution
With pension liabilities and health care benefits out of control and unions asking for more, states are finally taking action. Here's a look at some of the effort-within and beyond Wisconsin-that are underway.
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BLOG : Wisconsin, Ohio, Illinois, Florida
New Sherriff in Town
Someone should tell the unions (in Wisconsin, at least) that there is a new sheriff in town. And he's not afraid to call in the National Guard to quell unrest among state employees.
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