Business Administration, Inc., the state’s largest publicly traded employer, will pay for Donald Trump’s $1.9 billion tax-free tax-cut plan by contributing to the president’s new business enterprise, state officials said Tuesday.
John Kasich and his chief of staff, Eric Ketterer, have said they intend to fund the plan through their own accounts.
The Business Administration is a private company that serves a variety of state and local government customers, including education, parks and recreation, parks, the Ohio Lottery, Ohio State University and other public entities.
It has a net worth of about $1 billion, according to the Ohio Public Policy Foundation.
Its president, Mike Gentry, will continue to manage the company’s tax affairs.
It is not clear whether the state will have to contribute to Trump’s tax-avoidance plan.