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.


Related Articles

  • In Budget Preview, Ohio Governor Seeks Liquor, Cigarette Tax Hikes. Carvlin, Elizabeth // Bond Buyer;2/9/2005, Vol. 351 Issue 32067, p4 

    Reports that Ohio governor Bob Taft gave a preview of his 2006-2007 budget in his February 9, 2005, annual state of the state address. Taft's intention to ask the legislature to lower the sales tax to 5.5 percent; Other tax proposals the governor talked about in his address; His plan to ask...

  • Ohio Governor Expected to Sign $2.75B in Capital Project Funding. Carvlin, Elizabeth // Bond Buyer;3/30/2006, Vol. 355 Issue 32350, p3 

    The article reports that Ohio Governor Bob Taft is expected to sign a bill that will reappropriate $1.7 billion in funds for ongoing capital projects. The bill will also appropriate an additional $1 billion of new capital funds for projects in the next two fiscal years. According to Tim Keen,...

  • Not quite.  // Crain's Cleveland Business;2/21/2005, Vol. 26 Issue 8, p10 

    The article focuses on the decision of Ohio to overhaul its outdated and cumbersome tax structure. Governor Bob Taft has taken a stab at tax reform. The governor's instincts are correct, and his rationale for the proposed changes are sound. Indeed, it was refreshing to see an acknowledgment in...

  • Ohio House Approves Taft's Library Budget Cuts.  // American Libraries;May2005, Vol. 36 Issue 5, p14 

    Reports on the approval given by the Ohio House of Representatives to the proposed state budget of Governor Bob Taft for 2006-2007. Percentage of the reduction of local government funding for libraries by January 1, 2006; Aspects of the budget plan opposed by protesters; Proposal of...

  • Tennessee Governor Outlines $9.6 Billion 'Taxpayers Budget'. DeSue, Tedra // Bond Buyer;2/8/2002, Vol. 339 Issue 31321, p4 

    Reports on introduction of a taxpayers' budget by Tennessee governor Don Sundquist for 2003. Aim of the budget to highlight how state tax dollars would be spent; Inclusion of bond authorizations in the budget; Revenue required for the budget.

  • Ohio Governor Warns Public Colleges Against Tuition Increases.  // Community College Week;12/6/2004, Vol. 17 Issue 9, p17 

    Reports on the warning given by Columbus, Ohio Governor Bob Taft to public higher-education institutions receiving state funding regarding their plans of increasing tuition in 2005. Significance of the tuition fee increases of educational institutions to the 2005 state budget; Action taken by...

  • Poor choices in fat times have left Ill. with slim options. McMillen, Daniel // Crain's Chicago Business;1/4/2010, Vol. 33 Issue 1, p14 

    The article presents the author's opinion on how Illinois can realistically eliminate the budget deficit. The deficit is about a quarter the size of the state government's 50-billion dollars operating budget, and nearly half the size of the state's general funds, which is the category over which...

  • Budgets on the Rebound? Eckl, Corina // State Legislatures;Jan2005, Vol. 31 Issue 1, p16 

    Looks at the trend of the U.S. state budgets as of January 2005. Development of budget gaps; Solutions to bridging the gaps; Tax increases; Budget recovery; Effect of medicaid programs on the budget.

  • State tax trend: Cut and spend. McLaughlin, Abraham // Christian Science Monitor;7/24/98, Vol. 90 Issue 168, p1 

    Reports on the extra money flowing into state treasuries as a result of the strong United States economy in July 1998. State governments using the revenues to cut taxes; The example of Massachusetts passing its biggest tax cut ever; The variety of tax-cut plans across the nation; Education...


Read the Article


Sign out of this library

Other Topics