OHIO BUDGET | State budget would retain income tax cut
COLUMBUS (AP) — Ohio Gov. John Kasich has released a state budget proposal that closes an $8 billion budget gap through a combination of program restructuring, budget cuts and privatization of public assets.
The plan released Tuesday seeks to retain the $800 million, two-year income tax cut that went into effect in January and add an additional $34 million in tax incentives designed to create jobs.
Among cost-cutting measures is a plan to sell five prisons to private operators to raise $200 million that was covered in the last state budget with federal stimulus dollars.
The new Republican governor scheduled a media briefing with his Cabinet shortly after the budget release. He also plans and evening town hall-style meeting.
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