Ohio governor eyes plan to lower withholding taxes

The Republican governor said Tuesday he’ll decide whether to act after looking at a couple more months of state revenue.

The proposal, based on a projected $368 million surplus, would add $68 million to the rainy day fund. That would push it to about $2.75 billion, the upper limit under Ohio law.

The governor, who leaves office at year’s end, warned against tapping the fund for pet projects down the road instead of saving it for tight budget times.