Tax exemptions, deductions and credits often are overlooked in state budget deliberations. Yet the Ohio Department of Taxation estimated in 2005 that such tax expenditures, as they are known, would total $6.27 billion in fiscal 2006 and $7.12 billion this fiscal year. Though the major tax reform enacted in 2005 changed the value of many exemptions, such expenditures are a significant element in Ohio’s state budget, compared with actual state tax revenue of $20.8 billion in FY06. Ohio’s tax expenditures not only affect a very substantial share of the state’s tax base, they receive no regular scrutiny by the General Assembly though many have been in effect for decades. Click below to read more.
Executive Summary | Full Report
Job losses in manufacturing have fueled the decline in Ohio’s total employment. The dramatic exodus of manufacturing jobs has devastated laid-off workers, their families, and many Ohio communities. The growing trade deficit is a major factor in manufacturing’s problems. Click below to read more.
Executive Summary | Full Report
