Senate returns money to general fund
The Ohio Senate Chambers. File Photo
The Ohio Senate is putting $1 million back in the general fund to offset state revenue shortfalls caused by coronavirus closures and prevention measures, according to Senate President Larry Obhof, R-Medina.
Obhof said the $1 million is “more than 20% of the Senate’s remaining appropriation for Fiscal Year 2020,” and is the Senate’s contribution to balancing the state budget.
“Now more than ever it is important that we adhere to the core conservative principles of fiscal responsibility, limited government and pro-growth economic policies,” Obhof said in a statement.
The money will be put in the general fund at the end of the fiscal year, June 30.
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