House Speaker Says Tax Increase Needed To Balance Budget

POSTED BY: George Hiotis
Tuesday, April 8, 2003 - 02:29 PM
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House Speaker Larry Householder says republicans can’t balance the state budget without a sales tax increase. Householder, a Glenford republican, says passing a temporary one-penny increase is a big part of the G-O-P budget proposal. He says passing the sale tax, which would raise more than one billion dollars a year, would fill next year’s deficit. The house finance committee is considering the plan, which would also let Ohioans vote on replacing the tax increase with video slot machines. Householder says if voters approve the machines in November, the sales tax would end on June 30th, 2004. He says if voters don’t approve the machines, the sale tax would end June 30th, 2005.

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