- Posted
- August 12, 2010
Ohio to get $513 million after Congress extends enhanced Medicaid matching
Congress approved legislation this week that will send more than $880 million in economic aid to Ohio, included an estimated $513.8 million to extend enhanced federal matching funds for Medicaid that were originally part of last least stimulus package (Source: “Congress gives millions to Ohio, whether it needs it or not,” Cleveland Plain Dealer, Aug. 10, 2010).
The infusion of federal money comes at the same time that the nonpartisan Legislative Service Commission released a memo to the Budget Planning and Management Commission that calculates that, because of expiring one-time funds that were used to balance the current budget, the state will face a deficit of $8.4 billion when the new biennium budget is drafted next year (Source: “$8 billion in funds will disappear from state budget,” Columbus Dispatch, Aug. 12, 2010).
According to LSC projections, the budget shortfall for the 2012-13 budget ranges from $6 billion to $8 billion.
The infusion of federal money comes at the same time that the nonpartisan Legislative Service Commission released a memo to the Budget Planning and Management Commission that calculates that, because of expiring one-time funds that were used to balance the current budget, the state will face a deficit of $8.4 billion when the new biennium budget is drafted next year (Source: “$8 billion in funds will disappear from state budget,” Columbus Dispatch, Aug. 12, 2010).
According to LSC projections, the budget shortfall for the 2012-13 budget ranges from $6 billion to $8 billion.
