Last week, the Ohio House and Senate approved the state budget and sent it to Governor Kasich for his signature. The budget spending plan maintains a 6.3 percent across-the-board personal income tax cut, further reduces taxes on small businesses, and eliminates earlier proposals to raise/expand the sales tax and Commercial Activities Tax.
“We are pleased with the General Assembly’s work on the tax reform plan in the state budget,” said Greater Cleveland Partnership President and CEO Joe Roman. “We are grateful that we were able to work in partnership with our elected leaders to ensure Ohio’s tax plan keeps Ohio competitive and primed for further economic growth.”
The final budget also did not include the proposed freeze on the Historic Preservation Tax Credit but does include language to create a study committee to determine the feasibility of converting it to a grant program.
The House and Senate also maintained the expansion of Medicaid as proposed by the Governor. Highlights of the state budget can be found here
GCP was also successful in advocacy efforts to establish a new liquor permit that will extend the hours of sale for alcohol at select businesses and vendors during the week of the 2016 Republican National Convention. This work was a part of many key projects identified by the City of Cleveland and the RNC Host Committee to ensure Cleveland is ready for the convention next year.
The liquor permit will end at the conclusion of the event. It is also available for other major events hosted by the City of Cleveland, including the Rock Hall Induction Ceremony.