COLUMBUS, Ohio (WTVN)--With state revenues down dramatically due to the shutdowns caused by the coronavirus, Ohio Governor Mike DeWine Tuesday announced drastic cuts to the state budget for the next two months.
DeWine says the cuts amount to $775-million, with $355-million in cuts to K-12 education, $210-million slashed for Medicaid, and $55-million lost for higher education.
State agencies are also in on the cuts, with the exception being the Department of Rehabilitation and Correction.
DeWine says the cuts account for a loss of one-billion dollars in revenue, with the state not seeing taxes and other fees due to the coronavirus.
As for the rainy day fund, which has about $2.7-billion, DeWine says he does not want to use that funding during this fiscal year, which lasts until the end of June.