US EditionOhio Senate Approves Its Version of Budget, Including $600M for New Cleveland Browns Domed Stadium in Brook Park
BROOK PARK, OHIO, JUN 11 – The Ohio Senate plans to fund the Browns' $2.4 billion domed stadium with a $600 million grant from unclaimed state funds, aiming to spur regional economic growth.
- The Ohio Senate approved a $60 billion two-year budget on Wednesday, including a $600 million grant from unclaimed funds for the Browns' new $2.4 billion domed stadium in Brook Park.
- The budget decision follows the House's prior plan to fund the stadium with $600 million in bonds, highlighting a disagreement on financing methods and ongoing budget reconciliation.
- The Browns and Haslam Sports Group committed $50 million to escrow and $50 million via a line of credit, with the project moving forward despite Cuyahoga County's refusal to participate and criticism from its executive.
- Senate Minority Leader Nickie Antonio criticized the legislature for taxing everyday Ohioans while Haslams hold billions, and Cuyahoga County Executive Chris Ronayne called the funding plan 'piracy' and a 'boondoggle.'
- The approved budget proposes a 2.75% flat income tax for Ohioans earning $26,051 to $100,000, a 3.5% rate above that, and expands homestead exemptions, while the final budget awaits bicameral approval and Governor DeWine's signature by June 30.
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Total News Sources20
Leaning Left2Leaning Right2Center11Last UpdatedBias Distribution73% Center
Bias Distribution
- 73% of the sources are Center
73% Center
13%
C 73%
13%
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