Committee Passes Budget Compromise
A negotiating panel of Ohio lawmakers has approved an agreement that seeks to settle key sticking points in the state's roughly $71 billion, two-year operating budget.
The Republican-dominated panel voted 4-2 along party lines early Thursday on finishing touches to the bill, which included a new regulation on abortion providers.
The bill includes a 6.3 percent cut to the state income tax beginning in tax year 2015. That would lower the top rate to just below 5 percent.
The Senate could vote on the compromise measure as soon as mid-morning Thursday. The House is eyeing a Friday vote.
Gov. John Kasich faces a June 30 deadline to sign the budget into law.