• Thu. May 13th, 2021

Ohio AG Yost Identifies $4.6 Million in Reductions to Help Offset State Revenue Shortfall

Marty Smith

ByMarty Smith

May 7, 2020
AG Yost Identifies $4.6 Million in Reductions to Help Offset State Revenue Shortfall

(STL.News) – Ohio Attorney General Dave Yost today announced plans to trim over $4.6 million from his office’s budget to help soften the blow of COVID-19 on the state’s finances.

“The financial strain of COVID-19 demands a hard look at government spending,” Yost said.  “My office will continue to do its part to relieve the pressure weighing on the state’s budget.”

In total, Yost said his office plans to make $4.6 million in reductions to help offset the state’s tax revenue shortfall caused by the COVID-19 pandemic.  The reductions include remaining dollars from untapped local government grant programs that expire at the end of the fiscal year.

The planned reductions amount to more than 5% of the revenue the Ohio Attorney General’s Office receives through the state’s general revenue fund.  The office’s share of GRF budget proceeds is just .26% of the state’s $33.9 billion GRF budget.

The announcement comes as fiscal year 2020 draws to a close on June 30.

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Marty Smith

Marty Smith

Marty Smith is the acting Editor in Chief as well as the founder of STL.News, DirectSourceNews.org, and St. Louis Restaurant Review. Additionally, Smith is the IT Manager responsible for STL.News and affiliate sites. Smith has created multiple aggregator sites to manage the large amount of content used to select which content to published on STL.News. As Editor in Chief, Smith is responsible for the content posted on the network with the help of the publishing team, which is located around the globe.