On June 28, 2024, Governor Mike Dwine signed House Bill 2, a capital budget for the fiscal years 2025-2026. The budget includes $3.5 billion in appropriation funds prioritized to create jobs and grow Ohio’s economy and infrastructure, which poses a significant impact on the Ohio construction industry.
The Capital Budget Bill was crafted with a particular focus on ten major allocation categories, including: Higher Education and Workforce Readiness ($397 million), Mental Health Support ($133.5 million), Youth Services ($130 million), K-12 Schools ($600 million), Ohio’s History and Culture ($63 million), Ohio’s State Fair and Expo Center ($196 million), Rehabilitation & Correction ($255.1 million), Ohio Fire Academy ($23 million), Local Jail Support ($50 million), Ohio’s Parks and Natural Resources ($298.2 million), and Ohio State Highway Patrol Crime Lab ($7 million).
The budget is expected to propel several significant infrastructure projects across the state, efforts to:
To learn more, visit: https://governor.ohio.gov/media/news-and-media/governor-dewine-signs-capital-budget-bill.