Ohio official: Budget won't be 'business as usual'

money

Angry at his bank for taking too big a scoop in overdraft fees, one Pittsburgh ice cream shop owner decided to set up his own flavor of a community bank, with interest on deposits paid out in sweets.
Photographer: AP Graphics Bank
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Posted: 11/09/2012

COLUMBUS, Ohio (AP) -- Ohio's budget director says state revenues have "modestly exceeded" projections during the budget year that began in July.

Budget director Tim Keen says that has allowed the state to stash money in its rainy day fund. But he warns that assembling Ohio's next two-year budget will still have its challenges.

Gov. John Kasich's last budget closed a budget gap that approached $8 billion.

Keen told an audience Thursday at a post-election forum that while there's been a modest revenue recovery, Ohio isn't going back to business as usual in the budget to be introduced in February.

Passing a new two-year budget will be the primary focus of next year's legislative session.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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