OBM: State’s April Tax Receipts 35% Below Forecast

The Office of Budget and Management this week released preliminary figures showing Ohio’s overall tax receipts finished the month of April at $866.5 million — or 35.3% below estimates. Sales and use taxes missed estimates by 24% or $236.7 million. Income tax revenues were 50.5% or $635.7 million below projections. 5/6/2020