With the Kasich budget beginning on July 1st, let’s not forget that means the Strickland budget ended on June 30th. So, according to John Kasich’s own OBM director, what did the State end up with at the end of the last Strickland budget:
$973 million surplus.
Wait, shouldn’t that be $8 billion in the red? We kept hearing about what a horrible fiscal shape the Strickland Administration left Ohio in, but when it’s all said and done, the Strickland Administration left such a large surplus that the State came in with revenues 5.8% larger than projected when it was passed the last Strickland budget back in June of 2009. At the time, Republicans called Strickland’s budget director’s projections too optimistic and unreliable. If anything, the Strickland Administration underestimated the recovery that began in earnest in early 2010.
http://www.plunderbund.com/2011/07/07/what-deficit-kasichs-obm-confirms-what-we-predicted-stricklands-budget-ends-with-nearly-billion-dollar-surplus/