Covid Takes Toll On OH Revenues

Gov. DeWine is cutting $775 million dollars from the state budget in the next two months as Ohio’s revenues fall during coronavirus. He tells reporters Ohio went from running $200 million dollars ahead in revenue estimates in February…to a nearly three-quarter billion dollar drop, last month. The governor says he’s not tapping Ohio’s $2.7 billion rainy day fund until the new fiscal year begins in July. The budget can be balanced now with cuts, and the rainy day money will be needed later this year and next, he added. The budget cuts include $355 million dollars for schools and $210 million dollars from the state Medicaid program.