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"Budget"
So much for John Kasich starting to see a “bounce” in his polling. This morning, Quinnipiac released it’s latest polling in Ohio in two months. The news is pretty down right miserable for Kasich.
For the first time for Quinnipiac, Kasich’s disapproval has hit 50%. His approval rating has dropped back down to 35%. Seven months into his term, and Kasich has yet to break with a 40% in his approval rating. Kasich has lost further ground with independents who now disapprove by 34% to 48% from 37% to 47% in May.
Only two-thirds of Republicans [...]
Full Story... →Or something like that. This has to be the most brazen re-write of the Kasich Administration so far, and it comes from the conservative Washington Times:
Ohio Gov. John Kasich, a Republican, on Sunday touted the fact that since taking office in January, he has helped the Buckeye State turn its deficit into a surplus.
“In my state, where we faced an $8 billion deficit, we wiped it out. We eliminated it,” he said on “Meet the Press.”
Given that Kasich just passed his first budget a month ago, it would be incredibly remarkable for him to claim [...]
Full Story... →Standard & Poor’s is one of the three major credit rating agencies that has enormous influence in shaping the price and rates for Ohio’s bonds. Earlier this week, it and the other two major credit reporting agencies turned up the pressure on Speaker Boehner and the Congressional Republicans when it threatened to downgrade the credit rating of the United States if a deal on the debt ceiling isn’t reached soon.
On Friday, S&P revised Ohio’s credit rating (may require free registration to view.) While the credit rating has stayed the same, the raters changed Ohio’s outlook from negative [...]
Full Story... →It seems that Kasich had so much fun offering dubious tax credits to rich Ohioans during the budget process he doesn’t want to give it up. According to Columbus Business First the Kasich administration is still looking at ways to pass legislation that would exempt capital gains taxes from the state income tax.
Kasich said he will let court cases involving similar capital gains tax laws in other states run their course before revisiting the issue in Ohio. His top job-creation advisor, Mark Kvamme, seemed a bit more optimistic, however.
“We believe there is still a way to do it [...]
Full Story... →Not even a month after signing his budget into law, and Governor John Kasich is ready to go on a spending spree.
Here’s a headline the Kasich Adminstration cannot be happy with:
Gov. John Kasich spends $2 million off-the-cuff; unexpected cash is for the state’s children’s hospitals to collaborate
Here’s the story from today’s Cleveland Plain Dealer:
Gov. John Kasich on Thursday spent $2 million so calmly and nonchalantly you would have thought he was just handing over $2.
While touring a research laboratory at Nationwide Children’s Hospital in Columbus the governor asked the hospital’s CEO Dr. Steve [...]
Full Story... →In all of the post-budget excitement an interesting story went somewhat under reported. On June 30th John Kasich held a press conference in Findlay to announce that the state had agreed to offer Marathon Oil two separate tax credits and agreed to exempted certain practices done by Marathon Oil from the Commercial Activity Tax (CAT). These breaks will end up costing the state tens of millions of dollars every year. As the Columbus Dispatch reported the next day:
Marathon Petroleum will get a 75 percent, 15-year job-retention tax credit from the state to keep its 1,650 employees in Findlay and a [...]
Full Story... →With the Kasich budget beginning on July 1st, let’s not forget that means the Strickland budget ended on June 30th. So, according to John Kasich’s own OBM director, what did the State end up with at the end of the last Strickland budget:
$973 million surplus.
Wait, shouldn’t that be $8 billion in the red? We kept hearing about what a horrible fiscal shape the Strickland Administration left Ohio in, but when it’s all said and done, the Strickland Administration left such a large surplus that the State came in with revenues 5.8% larger than projected when it was [...]
Full Story... →Speaker Bill Batchelder got his letter writing campaign on over the weekend by getting a letter to the editor published in the Wall Street Journal regarding the repeal of the estate tax in Ohio. (I like to think he either hand wrote a letter and mailed it to the Wall Street Journal or sent a telegram. For some reason every time I think of him I just get a picture of Mr. Burns in my head.) Considering that the estate tax is one of the Journal’s favorite topics of conversation this whole letter must have been like cat-nip for [...]
Full Story... →Given that the House and Senate are safely controlled by his Republican brethren, it’s unsurprising that Governor Kasich vetoed only seven items in the budget. But it’s curious that a facility in Twinsburg that serves developmentally disabled kids and adults wound up in the Governor’s crosshairs.
Legislators set aside $62,500 in each fiscal year for the Hattie Larlham Home out of state Medicaid program funds; the Home offers work opportunities for people with disabilities, as well as a creative arts program and autism preschool. The reason Kasich gave for the veto was that the earmark treated [...]
Full Story... →From the Cleveland Plain Dealer:
Considering the budget contains so many unproven fiscal reform ideas, matched with deep cuts to local governments, the governor was asked whether he had any concern that this budget may not actually achieve the intended goals.
"It’s a good question," Kasich said. "We just have to execute. I mean, JobsOhio, has to execute. No missteps.”
So, the Kasich budget is as “structurally” balanced as the Kasich Administration is infallible. This from a guy with a notorious history in Congress in making incorrect economic projections, then went onto to Lehman Brothers…. and JobsOhio is [...]
Full Story... →From Marc Kovac @ Dix Newspapers/Ohio Capital Blog:
This was Governor Kasich during this morning’s press conference that was supposed to be a celebration between he and the GOP legislative leadership on that miracleous thing of getting a budget through with just hours to spare despite having to overcome the burdens that come with one-party rule in Ohio.
This is John Kasich when he’s riding high, folks. This is Kasich when he’s celebrating something. Nothing says I’m not a partisan than using the Fox News-approved term “Democrat Party.” Sentencing reform? It was in Strickland’s last budget, virtually [...]
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