Unlike some other states that are experiencing budget shortfalls (look east to Pennsylvania and west to Illinois), Ohio ended FY16 in good shape. Revenues were a little down for the fiscal year ending June 30, but so were expenditures, by a lot more.
Revenues fell just 1 percent below estimates: a total of $21.8 billion came in compared to the $22.0 billion predicted. Compared to FY15, the state brought in $415.7 million more in FY16.
Spending was below estimates for FY16 by about $1.2 billion. Medicaid accounted for nearly $925.9 million of that amount. Primary and second education spending was below estimates by $74.5 million while health and human services spending is down $59.7 million.
Medicaid spending was up $2.1 billion in state and federal funds from FY15. Through June of 2015, nearly $14.9 billion was spent on Medicaid; through June 2016, a total of nearly $17.0 billion was spent.