Two-Year State Budget Approved

COLUMBUS, Ohio (WTVN)--The Ohio House of Representatives and the Ohio Senate approved a new two-year state budget, after an extended deadline was needed.

Both chambers overwhelmingly approved the deal on Wednesday, and Governor Mike DeWine was expected to sign it overnight. His office was set to reveal any line-item vetoes in the budget today.

The deal approved by lawmakers includes a 4-percent drop in the state's income tax, does away with a business tax cut that critics said was not helping create jobs, and preserves the state's film tax credit.

The extra time was needed after lawmakers failed to meet the original deadline of June 30th to pass a permanent spending plan. As a stop-gap, lawmakers passed a 17-day budget plan to extend talks, with that deadline passing on Wednesday.

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