The Ohio Budget
In January 2003, Governor Taft presented his biennial budget for the State of Ohio’s fiscal years 2004 and 2005, which reflects the state’s economic difficulties over the last two years. Budget changes include elimination of five state programs, reductions in state employees, a zero pay increase for state workers over the next two years, and an implied increase in their costs for health care insurance.
Suggested citation: "The Ohio Budget," Federal Reserve Bank of Cleveland, Economic Trends, no. 03-03, pp. 14-15, 03.01.2003.