Gov. Taft Gets Some, But Not All, of His Tax Reforms Into Ohio Budget

Carvlin, Elizabeth
June 2003
Bond Buyer;6/24/2003, Vol. 344 Issue 31663, p25
Trade Publication
Governor of Ohio Bob Taft said he hopes to sign a $48.8 billion, two-year budget in June 2003 that raises the sales tax and reforms the way that municipalities tax corporations but fails to fulfill all the reforms he proposed for the state's tax system. Taft will review the budget and could veto some line items. The budget included municipal income tax reform that will standardize the way municipalities tax businesses. Taft's push to reform the tax system would help restore structural balance to the state's budget.


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