Ohio Recommended Spending Percentages
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FAQ
More than half of FY 2019 discretionary spending went for national defense, and most of the rest went for domestic programs, including transportation, education and training, veterans' benefits, income security, and health care (figure 4).
Ohio's new operating budget bill passed in the Ohio General Assembly with bipartisan support. This is a balanced budget, it invests in kids, education, job training, infrastructure, our police and public safety, and we still have enough of a surplus to provide a tax cut for the people of Ohio," said Lt.
The U.S. Treasury disperses all federal spending into three groups: mandatory spending, discretionary spending, and interest on debts.
Ohio's largest spending areas per capita were public welfare ($2,533) and elementary and secondary education ($2,234). The Census Bureau includes most Medicaid spending in public welfare but also allocates some of it to public hospitals.
Every U.S. state other than Vermont has some form of balanced budget provision that applies to its operating budget. The precise form of this provision varies from state to state. Indiana has a state debt prohibition with an exception for "temporary and casual deficits," but no balanced budget requirement.
Revenues come mainly from tax collections, licensing fees, federal aid, and returns on investments. Expenditures generally include spending on government salaries, infrastructure, education, public pensions, public assistance, corrections, Medicaid, and transportation.
As part of the budget, Ohio passed a series of tax cuts including lowering the state's top individual income tax rate from 4.797 percent to 3.99 percent. Under the American Rescue Plan, Ohio will receive $5.4 billion in direct state fiscal aid and $4.4 billion in local government aid from the federal government.
Generally, a majority of the discretionary spending is budgeted towards national defense. The rest of discretionary spending is budgeted to other federal agency programs ranging from transportation, education, housing, social service programs, as well as science and environmental organizations.
It will be $80.8 billion in 2022 and $81.1 billion in 2023. $74 billion: The General Revenue Fund (GRF) contains flexible taxpayer dollars lawmakers allocate for public services. It will total $74 billion over the two-year (biennial) budget period: $34.8 billion in 2022 and $39.2 billion in 2023.
