Ohio Revenue Slightly Below Estimate for December

Preliminary figures from the Ohio Office of Budget and Management (OBM) show December’s state revenues came in just under (0.1%) estimates. Overall, the state collected nearly $1.9 billion last month, with $958 million from the combined sales tax and $829 million from personal income tax.

The Commercial Activity Tax’s December revenue trailed estimates by $1.2 million (11.7%) — but for the fiscal year, it has collected $22.7 million (2.9%) more than estimated.

For the fiscal year so far, the state has collected $93.2 million (0.8%) above the forecast. See more details regarding Ohio’s revenues and expenditures.1/7/2020