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Ohio House budget would cut income taxes, reform school funding


Ohio House budget would cut income taxes, reform school funding
Updated 5:10 PM;
Today 3:20 PM
An Ohio House panel introduced a re-written budget proposal on Tuesday to include numerous changes, including incorporating a school-funding overhaul into the bill. (Jeremy Pelzer, cleveland.com)
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COLUMBUS, Ohio Ohio House Republicans are proposing to cut taxes while also incorporating what lawmakers hope will be a permanent fix of the state’s long-criticized formula for funding K-12 schools, under a new rewrite of Gov. Mike DeWine’s state budget bill.
The substitute budget bill, introduced Tuesday by the Ohio House Finance Committee, proposes cutting income taxes by 2%, costing the state $380 million annually. ....

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FirstEnergy customers to get refunds, after Gov. Mike DeWine signs bill: Capitol Letter


FirstEnergy customers to get refunds, after Gov. Mike DeWine signs bill: Capitol Letter
Updated 8:00 AM;
Today 8:00 AM
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Rotunda Rumblings
HB-nixed: With little fanfare, Gov. Mike DeWine on Wednesday signed House Bill 128, which repeals the cornerstone of the scandal-ridden House Bill 6: a $1 billion-plus bailout of two Northern Ohio nuclear power plants. As Jeremy Pelzer reports, HB128 also repeals an HB6 “decoupling” provision that allows FirstEnergy Corp. to collect a comparatively high amount of money from customers, as well as a separate measure making it easier for FirstEnergy to pass state limits on significantly excessive profits.
Return policy: FirstEnergy says that, as a result of HB128, it will refund $26 million to customers collected under its “decoupling” policy. As Pelzer explains, the Akron-based utility said it will work with state regulators to determine how much money each customer will get, along with how and when ....

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