Ohio Tax Revenues Beat Estimates for First Two Months of Fiscal Year

The Office of Budget and Management reports that Ohio’s state government in August collected 3% more tax revenue than officials had predicted, with the month’s total receipts $62.5 million above the estimate. For the first two months of Ohio’s fiscal year — July and August — state tax receipts were up roughly $92 million compared to the same time in 2018.

August’s non-auto sales taxes exceeded the forecast by $28.1 million; auto sales taxes were $9.8 million higher. Collections from the Commercial Activity Tax exceeded estimates by $18.2 million, while personal income taxes were $15 million over projections. 9/9/2019