Ohio’s budget increased cumulatively less than pop+inf in state funds but more than pop+inf in all funds from 2014-23, meaning taxes are lower in state funds but higher in all funds than the average taxpayer can afford.

  • The 2023 state funds budget is $3.1 billion lower than it would have been had spending grown at the rate of population growth plus inflation over the past decade.
  • Because the state funds budget grew slower than population growth plus inflation for the last ten years, the state spent and taxed $7.4 billion less than possible.
  • The 2023 all funds budget is $20.9 billion higher than it would have been had spending grown at the rate of population growth plus inflation over the past decade.
  • Because the all funds budget grew faster than population growth plus inflation over the past decade, the state spent and taxed $86.2 billion too much.

State Funds Budget Data

  • Estimated FY 2024 Only State Funds Budget ($ Billions): $55.75
  • FY 2025 Only State Funds Budget Limit ($ Billions): $58.72
  • FY 2025 Only State Funds Budget Limit Growth ($ Billions): 5.32%
  • Cost per person of state funds budgeting more than pop+inf over the last decade in 2023 budget: ($267)
  • Cost per family of 4 of budgeting more than pop+inf over the last decade in 2023 budget: ($1,068)
  • Cumulative cost per person of state funds budgeting more than pop+inf over the last decade from 2014-23: ($625)
  • Cumulative cost per family of 4 of state funds budgeting more than pop+inf over the last decade from 2014-23: ($2,502)

State All Funds Budget Data

  • Estimated FY 2024 All Funds Budget ($ Billions): $96.53
  • FY 2025 All Funds Budget Limit ($ Billions): $101.67
  • FY 2025 All Funds Budget Limit Growth ($ Billions): 5.32%
  • Cost per person of all funds budgeting more than pop+inf over the last decade in 2023 budget: 1,775
  • Cost per family of 4 of all funds budgeting more than pop+inf over the last decade in 2023 budget: 7,099
  • Cumulative cost per person of all funds budgeting more than pop+inf over the last decade from 2014-23: 7,317
  • Cumulative cost per family of 4 of all funds budgeting more than pop+inf over the last decade from 2014-23: 29,268

Other Considerations