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Gov. John Kasich Signs Midterm Budget

 
Posted Monday, June 16th 2014 @ 5pm

GROVE CITY, Ohio (WSPD) -- Ohio Gov. John Kasich has signed a midterm budget bill that includes a wide-range of policy changes. He says it's a tool being used because Ohio's two-year budget cycle is too slow.

One of the highlights of the bill is a doubling of the state's earned-income tax credit to 10 percent.

"What it's going to mean is working people are going to be rewarded for working," Kasich said as he signed the bill at the Mid-Ohio Foodbank south of Columbus.

The bill also includes income tax exemptions for Ohioans making up to $80,000 and accelerated an already planned income-tax cut.

"We are focusing the tax benefit on the people who are at the lowest income level. At the same time we're bringing down the top rate so we don't chase the most successful people out of Ohio. In case you forget, they're the ones that create the jobs," he said.

The bill also puts more control on spending $300 million put aside to cover any unexpected expenses related to Medicaid expansion.

Other provisions include increases for mental health and addiction services. There's also $16 million for early childhood funding to help low-income families get access to childcare.

 

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