Thursday, July 01, 2010
*Figures 1-3 from Center on Budget and Policy Priorities
Ohio will be facing a budget deficit of approximately $6-8 billion dollars in the next biennium.
In order to begin exploring ways to address the shortfall, the Ohio General Assembly has appointed a group of legislators to serve on a Budget Planning and Management Commission.
The work of the commission will be to identify a menu of options to address the big picture structural changes that must occur in the budget in order to achieve long-term sustainability.
The commission met for the first time on Tuesday and began with a presentation from the Ohio Legislative Service Commission (LSC) that provided legislators with a big picture overview of key revenue and expenditure data.
To view the LSC power point, please visit: www.lsc.state.oh.us/research/bpmc062910.pdf
Last month, the Center for Community Solutions released a report entitled, Thinking the Unthinkable, Finding Common Ground for Resolving Ohio’s Fiscal Crisis.
It explores a host of very difficult options in order to address Ohio’s impending budget shortfall, including a model which contains a possible 10%-20% reduction in most human services in the next biennium: