The Ohio economy depends on an affordable and reliable supply of electricity. Electricity literally powers modern life for Ohioans as we boot up our computers at the office, charge our phones, and crank up the air conditioning on hot summer days. It’s also a key input for manufacturers, which still make up nearly one-fifth of Ohio’s economy and provide hundreds of thousands of Ohioans with good jobs. Manufacturers typically face tough global competition, and rising electricity prices can contribute to a plant cutting its operations—or even closing.
Columbus, OH – Today, The Buckeye Institute released its latest policy brief, Building a Better Future: An Analysis of Ohio’s Tax and Spending Policies, which looks at the tax and spending policies Governor John Kasich and the Ohio General Assembly have adopted since 2013 and their impact on Ohio’s economic growth.
Ohio has two nuclear power plants. Both the Davis-Besse and the Perry nuclear plants are owned and operated by FirstEnergy. Both plants are failing. FirstEnergy’s latest proposal to save the plants, the ZEN program, calls for more government subsidies and higher costs for local electricity consumers. The better course would be to maintain free and competitive energy markets, even if it means that Ohio loses two unprofitable nuclear plants.
New Buckeye Institute and Tax Foundation Book Illustrates That Ohio’s Tax System is in Need of Reform
Columbus, OH – A new book released today by The Buckeye Institute and the Tax Foundation, Ohio Illustrated: A Visual Guide to Taxes and the Economy, provides a detailed overview of the state’s economy and tax code and highlights areas where Ohio’s tax system is most in need of reform.
If Ohio does not address its growing prison population soon, the state may need to spend $1 billion to build a new prison, in addition to the $1.7 billion it now spends annually to incarcerate approximately 51,000 inmates. At 134% capacity, the state’s prisons are woefully overcrowded and Ohio risks a court ordering the immediate release of a percentage of the prisoners like California was forced to do in 2011.
Advocates for the energy standards contend that the renewed mandates will spur job-growth in Ohio’s renewable energy and energy-efficiency sectors. Unfortunately, as The Buckeye Institute has recently explained, good news for green energy companies will be heavily offset by damage to the rest of Ohio’s economy—particularly in the energy-intensive manufacturing sector.
Civil asset forfeiture is a unique legal procedure that allows the government to file a civil lawsuit to take full ownership of private property without a criminal conviction. Ohio’s civil asset forfeiture rules need reform in order to better protect citizens, remedy bad incentives, avoid federal “equitable sharing,” and make the process more transparent.
With more than a million Ohioans who need more healthcare than they currently receive, the demand for quality care exceeds Ohio’s supply of doctors and nurses. As demand outpaces supply, the cost of treatment continues to rise and even basic medical care grows increasingly unaffordable for indigent and lower-income communities.