The Basics of the Fiscal Year (FY) 2020-2021 budget.
Governor DeWine introduced his budget on March 15th and it is sent to the legislature for review and changes. The Ohio House will write their budget bill in March and April and the Senate will work on their version in May and early June. Both chambers and the Governor will finalize the two year spending plan by June 30th.
What’s in? (Numbers are NEW spending per year)
Children Services ($70 million)
Indigent Legal Defense ($60 million)
Home Nurse Visitation Program ($15 million)
Student support & wrap around services ($250 million)
H2O fund ($85 million)
Ohio College Opportunity Grant ($22 million)
Expansion of pre-K to 150% of FPL (federal funds)
Child Protective services ($30 million)
Recovery programs- various programs ($100 million)
Meaningful new investment into education (k-12 or higher ed)
Restoration of local government fund cuts
EITC expansion or other income supports those in poverty
Criminal justice reforms
Investments into affordable housing
Funding for Ohio’s foodbanks
How’s it funded?
After 15 years of tax cuts the results are simple - Ohio now has $6 billion less a year to invest, the wealthiest Ohioans are paying $40K less, and the poorest Ohioans are paying more. If we want to invest in Ohio’s future, we must include revenue.
The Legislature’s revenue projections are $700 million less than the Governor’s, which means they will likely cut out all the new investments he proposed unless we encourage them to consider revenue.