State Revenue Continues to Exceed Estimates

Ohio’s total revenue collections in September exceeded projections by half a percent, but the two largest tax revenue sources — the non-auto sales tax and personal income tax — lagged forecasts.

Preliminary revenue data from the Office of Budget and Management show that September’s total tax collections reached $1.92 billion, versus $1.91 billion expected.

For the fiscal year so far, tax receipts have surpassed estimates by 4.1% ($262.3 million), with income taxes up 3%, non-auto sales tax up 4.5%, and auto sales tax up nearly 19%. 10/6/2020