(News/Talk 1480 WHBC) – Saying they want to give back to the residents of Ohio, the Senate Republican Caucus outlined their version of a 2-year spending plan on Tuesday, with an across-the-board 8% cut in the income tax.
The first 4% takes effect in the first budget year, the other 4% in year two.
The Senate budget provides additional funding for many of the governor’s priorities including children, education and Lake Erie.
Senate leaders point to tax revenue coming into Ohio at a good clip, with the state gasoline tax increasing 10.5-cents on July 1.
The Senate and House have a little over two weeks to hammer out a compromise budget plan.