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Ohio Senate releases its state operating budget
The Ohio Senate today unveiled its version of the state operating budget. The Greater Cleveland Partnership has closely monitored several key issues including tax reform, education, and health care.
Major highlights include a net income tax cut of $1.7 billion over the biennium without raising or expanding the sales tax or increasing the Commercial Activities Tax rate.
The budget also eliminates income taxes on all small businesses up to $250,000 and increases the cigarette tax per pack by 40 cents.
Click for the budget overview and GCP's priorities.