State Budget Plan Vote Expected Wednesday

POSTED BY: George Hiotis
Tuesday, May 28, 2002 - 05:06 AM
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A new budget plan scheduled for a vote in the house on Tuesday would have Ohioans paying more for cigarettes. And it would raise taxes on trusts held by Ohio banks. But it would lower income taxes for some Ohioans over the long run. That provision helped attract enough antitax conservatives to support the proposal to fix Ohio's one-point-seven billion dollar deficit. The budget deal was approved by the house finance committee at five a-m Saturday. The deal has Governor Taft's support even though he suppored a 50-center cigarette tax increase. House conservatives blocked the plan becasue of the higher cigarette tax for almost a week. They say they were concerned by its impact on cigarette wholesalers and convenience stores. The compromise plan lowered that increase to 31 cents on top of the current 24-cent cigarette tax.

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