April Tax Collections Slightly Exceed Forecasts

05/09/2025

Ohio’s tax revenues came in slightly over forecasts in April, according to data from the Office of Budget and Management, Hannah News Service reports.

While income tax projections missed their mark by over eight percent, about $1.1 billion, versus expectations of $1.2 billion, sales and CAT tax collections made up for the miss. Sales tax overshot its mark, collecting 6.5 percent over estimates, with CAT taxes nearly doubling expectations.

Compared to FY24, tax collections are up $787.7 million, or 3.5 percent. 5/7/2025

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