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Kasich signs
budget
$2.7 Billion Tax Cut, $1.5 Billion New Funds for Education
COLUMBUS – At a ceremony this evening in the Ohio Statehouse’s Lincoln
Room, Gov. John R. Kasich signed into law the FY2014-15 state budget,
which builds on the pro-growth policies in the historic budget he
signed two years ago with $2.7 billion in tax cuts and $1.5 billion in
new funds for education.
Other highlights of the new budget include:
- A new plan to inject up to $3 billion in federal, state and local
funds into Ohio’s highways;
- A new college and university funding formula to increase graduation
rates;
- Reforms to Medicaid to reduce fraud, increase care quality and
restrain costs.
“Ohio has come a long way in two years and it hasn’t happened by
accident. Our work to eliminate an $8 billion shortfall, cut
taxes, strengthen education, and reform Medicaid has helped fuel our
economic recovery and get people back to work. We’ve got more
work to do, however, and this budget builds on that foundation by
cutting taxes $2.7 billion and dedicating significant new resources for
education.
“These accomplishments wouldn’t be possible without the hard work of
President Faber, Speaker Batchelder, Chairman Oelslager, Chairman
Amstutz and many others in the General Assembly. They’ve shared
my resolve to push our state forward and our state is better for their
leadership.
“It’s a sign of the inclusive, deliberate approach that produced this
budget that we avoided the gridlock that so plagues Washington and that
this plan earned praise from low-income advocates, seniors groups,
business leaders and some of the nation’s leading economists.
This budget is about opportunity, and tonight, Ohio’s future looks
brighter because of it.”
Veto Messages
Gov. Kasich made 22 line-item vetoes in H.B. 59. Veto messages
are attached or can be found here
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