Replies to post #251288 on Simply Politics & News (GOV)

[shermann7]

The economy in Ohio is getting better...The Admin here is obviously planning for a recession...The rainy day fund is up 190 Billion dollars over the last two years...The proposed budget does a lot of neat things...It tries to get money into the hands of those who will spend it...

1. The Medicare expansion for Obamacare is really Free Money that can help in times of recession....

2. An extra 1.2 Billion in School funding with a changed formula. Now Income as well as Property value is part of the equation. There are five groups of School districts ranging from poorest to richest. The richest groups gets none of that money, the second richest gets hardly any, and the poorest gets the most. Which in OH is Southeast Ohio mostly.

3. For Businesses, the first 750,000 of net income gets a 50% tax cut. This is huge, and targets the 80% of businesses in ohio which are small businesses. Especially out here in Farmland.

4. Much higher taxes on the Energy companies that are drilling here in Ohio.

5. a 1/2 percent cut in the sales tax with many more services now having the sales tax apply to them. Localities cannot raise their taxes more than 10% per year which is above the rate of inflation.

6. A 20% income tax cut for all brackets...There is argument about this, but we need rich people to stay in the state also. This is the only pay raise we will see for the next two years.

7. The Ohio Turnpike is going to be leased out for around 2 Billion dollars. All the money will go into rebuilding the infrastructure of Ohio.

8. Around 500 Million dollars will be used for building high speed communication trunks.

Those are the highlights.

We spend our money in the local community. We will not shop at Walmart, and avoid big box stores.

The unemployment rate is currently 6.7% and keeps going down so the Jobs Ohio program seems to be working well. A lot of other states are interested in it as a model. Much of the budget is geared to make Ohio attractive for companies to move here. And judging on the major problems in IL a couple states away, we will probably be getting some of those.

[shermann7]

The economy in Ohio is getting better...The Admin here is obviously planning for a recession...The rainy day fund is up 190 Billion dollars over the last two years...The proposed budget does a lot of neat things...It tries to get money into the hands of those who will spend it...

1. The Medicare expansion for Obamacare is really Free Money that can help in times of recession....

2. An extra 1.2 Billion in School funding with a changed formula. Now Income as well as Property value is part of the equation. There are five groups of School districts ranging from poorest to richest. The richest groups gets none of that money, the second richest gets hardly any, and the poorest gets the most. Which in OH is Southeast Ohio mostly.

3. For Businesses, the first 750,000 of net income gets a 50% tax cut. This is huge, and targets the 80% of businesses in ohio which are small businesses. Especially out here in Farmland.

4. Much higher taxes on the Energy companies that are drilling here in Ohio.

5. a 1/2 percent cut in the sales tax with many more services now having the sales tax apply to them. Localities cannot raise their taxes more than 10% per year which is above the rate of inflation.

6. A 20% income tax cut for all brackets...There is argument about this, but we need rich people to stay in the state also. This is the only pay raise we will see for the next two years.

7. The Ohio Turnpike is going to be leased out for around 2 Billion dollars. All the money will go into rebuilding the infrastructure of Ohio.

8. Around 500 Million dollars will be used for building high speed communication trunks.

Those are the highlights.

We spend our money in the local community. We will not shop at Walmart, and avoid big box stores.

The unemployment rate is currently 6.7% and keeps going down so the Jobs Ohio program seems to be working well. A lot of other states are interested in it as a model. Much of the budget is geared to make Ohio attractive for companies to move here. And judging on the major problems in IL a couple states away, we will probably be getting some of those.