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Ohio House proposes tax cuts, K-12 funding increases: Capitol Letter Updated 9:17 AM; Today 8:00 AM The Ohio House introduced its substitute version of the state budget bill on Tuesday. (Jeremy Pelzer, cleveland.com file photo) Facebook Share Rotunda Rumblings The substitute: Ohio House Republicans unveiled their substitute budget bill on Tuesday, proposing a 2% cut in state income taxes while, as expected, folding in their overhaul of the state’s K-12 funding formula. As Andrew Tobias reports, the House plan calls for phasing in the new formula, which would increase K-12 funding by $1.8 billion once it’s in full effect, over six years. Lawmakers also axed from the bill Gov. Mike DeWine’s gun reforms, which previously languished after they were introduced last year, as well as DeWine’s plan to spend $50 million on an ad campaign promoting the state.

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