Governor Ted Strickland shared with the House and Senate a proposal to balance the state’s fiscal years 2010-2011 operating budget without a tax increase and lay the groundwork for jobs and economic growth.
The Ohio legislature is currently considering how to address a $3.2 billion gap by June 30 in a legislative conference committee. The framework reduces state government spending by $2.44 billion and proposes to permit video lottery terminals at Ohio’s seven racetracks. This, along with other non-tax revenue changes, will provide a net $755 million in new revenue to the state without raising taxes.
Details are available online at: