Ohio state budget (2008-2009)
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| Note: This article was last updated in 2009. Click here for more recent information on state budgets and finances. |
Ohio faced a budget deficit in fiscal year 2009 and a budget deficit of more than $7 billion in the 2010 - 2011 operating budget, according to Governor Ted Strickland and Budget Director J. Pari Sabety.[1]
In Office of Budget and Management Director J. Pari Sabety's testimony to the Ohio House Finance and Appropriations Committee, she said:
"While these are indeed extraordinary times, and some might suggest these are unusual measures, we are seizing the opportunity that this economic crisis provides us to restructure the state budget for a sustainable future through a variety of measures. These measures will result in cost savings, make government operations more efficient and responsive to our citizens and will lower the call on scarce general fund tax dollars in the future."[2]
Budget background[edit]
- See also: Ohio state budget and finances
Ohio operates on a biennium, covering two fiscal years at a time. For example, the 2009-2011 biennium consisted of year one, July 1, 2009 to June 30, 2010, and year two, July 1, 2010 to June 30, 2011. For the legislature, work on the budget occurs during the first six months of the first regular session of the General Assembly. First, though, individual state agencies submit their budget requests along with past expenditures and revenue to the governor, who proceeds to issue a budget recommendation for the upcoming fiscal year to the legislature. In the years in which a new governor takes office, the report can be presented as late as March 15. Both the House and the Senate must approve the budget bill before it can be signed into law by the governor.[3]
Budget figures[edit]
The following table provides a history of Ohio's expenditures and gross domestic product (GDP).
| Fiscal year | Expenditures (billions) | GDP (billions) |
|---|---|---|
| 2000 | $68.4[4] | $372.0[4] |
| 2001 | $74.6[4] | $374.7[4] |
| 2002 | $80.8[4] | $389.8[4] |
| 2003 | $85.2[4] | $402.4[4] |
| 2004 | $85.2[4] | $423.7[4] |
| 2005 | $92.0[4] | $439.3[4] |
| 2006 | $97.4[4] | $451.6[4] |
| 2007 | $100.0[4] | $466.3[4] |
| 2008 | $102.7[4] | $481.7[4] |
| 2009 | $105.4*[4] | $480.9*[4] |
- NOTE: The figures for FY 2009 had not been finalized at the time this data was compiled.
See also[edit]
Footnotes[edit]
- ↑ "Governor Discusses Impact of National Economic Deterioration on Ohio Budget," December 1, 2008
- ↑ Ohio Office of Budget and Management, "Testimony of J. Pari Sabety, Director Ohio Office of Budget and Management," February 10, 2009
- ↑ State of Ohio, "The Ohio Budget Process," accessed June 1,2009
- ↑ 4.00 4.01 4.02 4.03 4.04 4.05 4.06 4.07 4.08 4.09 4.10 4.11 4.12 4.13 4.14 4.15 4.16 4.17 4.18 4.19 US Government Spending, "Ohio State and Local spending," accessed June 1,2009
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