Senate passes budget deal on near party-line vote
COLUMBUS, Ohio — Months of state budget deliberations ended in the Ohio Senate on Tuesday with a near party-line vote on a $112 billion state budget brimming with bad news for schools and local governments and laden with policy twists and turns.
The vote was 22-11 to accept the conference committee report, with Republican Sen. Scott Oelslager joining minority-party Democrats in voting against the compromise, citing concerns about a teacher merit pay proposal in the package.
A House floor vote is expected Wednesday, then the two-year budget will head to Republican Gov. John Kasich's desk for his signature sometime Thursday.
Sen. Finance Chairman Chris Widener, a Springfield Republican and a member of the budget conference committee, praised the package for its financial austerity and job-creation potential.
"We have to stabilize the state going forward," he said. "You have to stop the one-time spending and put a little away for a rainy day."
While local governments and schools undoubtedly will dwell on the nearly $2 billion in cuts dished out by this budget, Widener chose to focus on the repeal of the estate tax in 2013 as well as a last-minute "Invest Ohio" tax credit added Monday night.
The 10 percent income tax credit for investors in small businesses, capped at $100 million for the biennium, was fashioned to "find a way to get the capital off the sidelines," Widener said. He predicted it will lead to over $1 billion in investments in Ohio businesses over the next decade.
Sen. Michael Skindell, a Lakewood Democrat, derided the budget for "being balanced on the backs of the middle class" with the gouging cuts to local services and most state programs.
He labeled the Invest Ohio tax credit as an "excessive tax break for corporate interests" in a state where about $7 billion worth of tax breaks are already handed out. He noted that a Senate provision to set up a commission to study current tax loopholes in the code was stripped out in conference committee.
"The special interest tax expenditures will not be touched and not be reviewed in this budget," Skindell said.
Later, Senate Democrats questioned whether the Invest Ohio plan will hold up to court scrutiny. They circulated a 2004 federal court ruling striking down an investment tax credit in Ohio as a violation of the commerce clause in the U.S. Constitution. That tax credit was a non-refundable tax credit against the state's corporate franchise tax.
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Note that state university faculty members have an unfair competitive advantage in relation to those teaching at private colleges. Thanks to tax money, faculty at Penn State and its branches and affiliate institutions earn on average one third more
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OHIO: Compass | OU-HCOM name change - Ohio University
&Ldquo;The Ohio University College of Osteopathic Medicine has developed a vision for the future of health care education that builds upon its strengths and also addresses some of the most pressing health care issues faced by our communities, including the impending shortage of primary care physicians,” said Richard Vincent, president and CEO of the Osteopathic Heritage Foundations. In order to achieve these goals, the gift is earmarked for several significant initiatives planned by OU-HCOM, including the creation of an OU-HCOM regional extension campus in Columbus and a related increased class size. The gift will also be used to help build a new Diabetes/Endocrine Clinical Treatment Research Center and a new facility for the Ohio Musculoskeletal and Neurological Institute, both on the Athens campus. The final components of the award will fund a major transformation of the college’s curriculum, and provide money for new scholarships and loan forgiveness programs for graduates who practice in underserved areas. “We are especially honored to carry this name because the Osteopathic Heritage Foundations arose from Doctors Hospital in Columbus, one of our college’s first and most loyal supporters,” said OU-HCOM Dean Jack Brose. With the new name, Brose said, the college is poised to achieve even greater national prominence and heights of excellence in research and health care delivery. “This historic gift from the Osteopathic Heritage Foundations will forever change Ohio University and our College of Osteopathic Medicine,” said Ohio University President Roderick J. McDavis. “We are grateful to the Osteopathic Heritage Foundations for their commitment, which will dramatically broaden our ability to improve the human condition of the people of Ohio. This gift will transform lives.” The Osteopathic Heritage Foundations were first established in 1961 with the incorporation of the Doctors Hospital Foundation, a supporting organization of Doctors Hospital in Columbus. The Foundations owned and operated Doctors Hospitals in Columbus and Nelsonville. This valued hospital system, anchored by the acute care facilities in Columbus and Nelsonville, grew into one of the nation’s leading osteopathic post-graduate medical education centers.
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