On Tuesday, an $88.1 billion two-year state funding proposal cleared in the Ohio House Panel, which includes an almost $1B in tax savings.

An $88.1 billion two-year state funding proposal for Ohio

The funding proposal passed the Finance Committee with two-party support. Republicans said Ohio’s two-year funding proposal helps the students to attend private schools, boosts middle-class aid, and to ensures higher salaries for health workers and educators.

The $88.1 billion two-year state funding proposal includes approximately $1B in tax savings. For example, combining the two lowest tax brackets and lessening the rate of the new lowest bracket, 2.75 percent for income between $26,050 and $92,150. The funding proposal also deducts a $2,500 child tax.

Ohio’s House will use a reliable formula for the two-year state funding proposal. The proposal will prioritize teachers, health workers, education, transportation, and technology.

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The funding proposal will help victims and survivors of sexual assault

The House version gets $2.5 billion to $500 million in Ohio’s two-year funding proposal to allocate in investing to economic development sites across the country.

Ohio’s two-year funding proposal will help victims and survivors of sexual assault and support them during case investigations.

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