The State of Ohio’s tax receipts exceeded estimates by $82.7 million (3.4%) in August, according to preliminary revenue data from the Office of Budget and Management. The overage last month was due in large part to personal income tax collections, which were $54.2 million (6.8%) above the estimate. Year-to-date tax receipts are $4.5 billion (1.9%) above the official forecast. Meanwhile, Fitch Ratings has upgraded Ohio’s bond rating to AAA from AA+, reflecting improved budget management, according to state officials. 9/8/2022