Ohio Tax Revenue Beating Estimates by 4.6% for Fiscal Year

Ohio’s General Revenue Fund (GRF) — which funds a large portion of state government spending — continues to bring in more tax money than expected. According to the Office of Budget and Management (OBM), the GRF in December surpassed all previous months of the fiscal year, exceeding revenue estimates by $243.6 million (11.9%).

For the fiscal year-to-date, Ohio’s tax revenue has exceeded estimates by $580.3 million (4.6%). More details in OBM’s monthly report. 1/11/2022