Ohio House Republicans on Tuesday ripped apart their own governor’s proposed budget, stripping away his plan to expand Medicaid and much of his tax overhaul and revamping how he wanted to fund schools.
The revamped House plan spreads additional school funding over more districts. The new plan also adds funding that is expected to financially boost universities and colleges.
The revised two-year budget, nearly $2 billion smaller than the governor’s $63.3 billion plan, cuts personal income-tax rates across the board by 7 percent a year. The cut would be financed by expected growth in existing tax revenue sources, as well as about $400 million in surplus funds that the Governor had planned to give back to taxpayers next year in the form of a tax rebate.