Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Treasurer says office can cut GRF request 51% after modernization, cites expansion of STABLE, AgLink and ResultsOhio
Summary
State Treasurer Robert Sprague asked the Ohio Senate Finance Committee to approve a roughly 51% reduction in GRF funding for fiscal years 2026–27, saying modernization and new revenue streams allow the office to sustain and expand programs such as STABLE, ResultsOhio and Ag•Link.
State Treasurer Robert Sprague told the Ohio Senate Finance Committee that his office is asking the Senate to reduce General Revenue Fund (GRF) support for fiscal years 2026–27 by about 51%, a move he said is possible because of modernization, new revenue streams and operating efficiencies.
Sprague testified during the committee’s second hearing on House Bill 96 and described recent program growth while seeking legislative support for additional code updates and standalone bills tied to the Treasury’s modernization work. "To purchase a home in Ohio is to invest in Ohio," Sprague said, describing the Ohio Homebuyer Plus program. He also emphasized operational changes, saying, "Everything's going electronic."
Why it matters: The treasurer’s office manages state cash and investments, issues bonds and runs targeted programs that the office…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
