COLUMBUS (AP) - Republican majority leaders in Ohio plan to release details this afternoon on an agreement reached over taxes in the state budget.
State lawmakers are finalizing Ohio's next two year-budget. They face a June 30 deadline to pass the almost $62 billion spending plan.
The House and Senate have separate tax proposals that must be reconciled. The Senate dropped a 7 percent statewide income tax reduction passed by the House in favor of small-business exemptions.
House Finance Chairman Ron Amstutz has said lawmakers on a key legislative committee were considering a modest blending of the two plans.
The state budget director says roughly $397 million in uncommitted funds could be left at the end of the current budget year.
The governor has said he wants any extra money returned to taxpayers.