Restoring Prosperity
The Greater Ohio Policy Center Blog
On March 3, the Ohio House Finance Committee approved moved forward a revised state transportation budget that includes for funding for public transportation than had previously been proposed by the executive budget last month. That bill is now poised for a floor vote in the full House of Representatives on March 4.
The COVID-19 pandemic plunged the nation into a once-in-a-lifetime recession, triggering unprecedented levels of federal spending to provide direct relief to the American people, small businesses, and local governments. The most recent federal stimulus bill passed in December included funds for various transportation sectors.
Without a clear transition to a new way of collecting income taxes that is fair to all parties, Ohio’s major cities—and thus the state itself—could experience major contractions in their ability to provide services to employers and residents in the region. This will set off a chain reaction of unintended consequences.
