Ohio Tax Receipts Up Early in New Fiscal Year

With the new fiscal year underway, Ohio’s state government tax receipts were up nearly $30 million in July compared to July 2018. The Management’s Monthly Financial Report, published by the Office of Budget and Management, shows that year-over-year total receipts in the General Revenue Fund were $2.96 billion — up $249.9 million (9.2%). Revenue from the commercial activity tax was up $14.5 million, or 28.3%, versus the previous July. The report also noted that Ohio’s employment was higher by 28,800 jobs in June compared to a year earlier, with manufacturing employment growing by a net 5,200 jobs. 8/13/2019