Last night, lawmakers passed a historic state budget package that prioritizes investment in Ohio's cities and counties. The budget agreement, which includes an investment of $500 million dollars in brownfield revitalization, along with commercial and industrial building demolition, represents game-changing investment for all of Ohio's 88 counties and represents a major commitment on the part of the State of Ohio to remediate these scourges of economic progress.
Additionally, House Bill 110 includes important legislative changes which will help to protect Ohio's cities as they seek to recover from the impact of the COVID-19 pandemic by providing clear parameters and guidelines for when the Ohio commuter income tax changes, implemented in the wake of the pandemic, will end, and ensures that cities financial stability will not be adversely impacted by the need to look backwards when providing refunds to those Ohioans who seek them.
We want to acknowledge the hard work of the members of the conference committee, along with Speaker Bob Cupp and Senate President Matt Huffman, on all the work they put into passing a state budget that also provides historic investment in broadband infrastructure, protects subsidized housing from unfair tax practices, and moves Ohio forward to compete for jobs and economic development through the historic investment in brownfield revitalization.
Budget Provides Historic Investment in Brownfield Revitalization, Commercial & Industrial Demolition