On March 31, Governor Mike DeWine signed the state transportation budget without issuing a veto, permitting the fully agreed upon legislative conference report to become law without removing any provisions in the bill.
Investment in single-family homes by bulk real estate investors has been on the rise nationally and across Ohio for more than two decades. Now, the recently accelerated pace of acquisition has inspired the Ohio Statehouse to attempt to rein-in the practice.
Over the past two weeks, the House made a number of substantial changes to the budget, which allocates funding to the Ohio Department of Transportation and other transportation-related entities.
On February 15, GOPC Director of Strategic Engagement Jason Warner testified before the Ohio House Finance Committee regarding the state transportation budget, which was introduced two weeks earlier by Governor Mike DeWine.
With the introduction of the budget blue book, the work of passing the two year state budget now shifts to the Ohio General Assembly. Hearings should begin soon in the Ohio House of Representatives, with the Ohio Senate likely to begin work in April or May.
These goals are reflected in our recommendations for the biennial budget for fiscal years 2024 and 2025. Investing in programs that will help our cities, villages and townships redevelop and modernize are key to furthering resilient communities throughout Ohio.
In early February 2023, the Ohio General Assembly will begin writing the next state transportation budget. This legislation sets transportation infrastructure investments for the next two years.