Due to this year’s delayed tax filing deadline, May was a big month for Ohio’s tax revenues, according to data from the Office of Budget and Management. Total General Revenue Fund tax receipts finished the month $744.7 million (34.1%) above estimates — although the Commercial Activity Tax was below the monthly estimate by $3.7 million (-1.1%).
For the fiscal year, which ends June 30, receipts are beating forecasts by $1.17 billion (5.2%). The non-auto sales tax has exceeded estimates by $647 million (7.4%) for the year; the auto sales tax has surpassed estimates by $228 million (15.7%). 6/10/2021