Ohio governor eyes plan to lower withholding taxes

Ohio Gov. John Kasich wants to use a projected budget surplus to fill up the state rainy day fund and lower withholding taxes.

The tax proposal isn’t a cut but would provide $152 million to Ohioans through reduced withholding now instead of expected tax returns next year.

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

RELATED: Latest on special congressional election in central Ohio

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.

Recommended for you

Recommended for you

Recommended for you

Most read

  1. 1 Ohio governor debate: Live updates from the first debate in Dayton
  2. 2 Watch live coverage of an event from WHIO-TV
  3. 3 Watch live coverage of an event from WHIO-TV

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.

More from Daytondailynews