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Preliminary Report Finds Improvements in Ohio Tax Revenue Collections During July

photo of Ohio Statehouse

Just one month ago the Ohio House, Senate and governor finished a marathon budget battle where leaders had to fill a $1 billion gap. Now the state is getting its first look at how the economy is shaping up for the next two years.

For the first month of the new fiscal year, a preliminary report shows in July, the state collected $29 million more in personal income tax revenue than expected - 5% above estimates. 

Last year, personal income tax revenue fell well below estimates for 11 months, ending $849 million short of projections. The fiscal year did end without budget cuts because of under-spending in other areas.

The revenues from sales taxes are still sluggish, lagging behind estimates by 3%. However, the commercial activity tax, or CAT, brought in $9 million more than expected.

Andy Chow is a general assignment state government reporter who focuses on environmental, energy, agriculture, and education-related issues. He started his journalism career as an associate producer with ABC 6/FOX 28 in Columbus before becoming a producer with WBNS 10TV.