Ohio Surplus Sparks Debate | Columbus News

Ohio just smashed its tax revenue goals, landing a whopping $1.75 billion surplus—larger than last year’s record. Personal income taxes led the charge, followed by sales and commercial activity taxes. Now, residents are divided: some want the cash to fund affordable housing, others to upgrade crumbling infrastructure. Politicians credit recent tax reforms, like the flat income tax, for boosting the economy and revenue. But critics warn the surplus may mostly benefit corporations and the wealthy, and much is already earmarked. With hopes of future tax cuts and economic momentum, the full financial picture is set to drop later this week. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/0c900ebf33669a0a