This week, the Ohio Office of Budget and Management released its monthly financial report for September 2020. It noted that General Revenue Fund (GRF) revenue — the largest funding source for the state — was “less exuberant” than in previous months, and that September “could be first evidence of a new stage in the economic recovery.” At $2.9 billion, September’s GRF receipts were -4.9% below estimates. Tax revenues were 0.5% above projections, while non-tax receipts — largely driven by federal grants — and transfers were -13.7% below estimates. For the month, spending from the GRF was below estimates by $230.1 million (6.9%), largely due to Medicaid trends. 10/13/2020