Ohio Ends Fiscal Year With Record Balance

As Ohio’s 2023 fiscal year wrapped up on June 30, its FY tax receipts exceeded expectations by nearly $1 billion. See the state’s latest monthly financial report. For the fiscal year, Ohio collected $28.9 billion in taxes, 3.6% above projections. The personal income tax exceeded forecast revenue by $645.1 million (6.4%), while the Commercial Activity Tax collected $82.9 million more than estimated (4%). 7/10/2023