Kimberly Murnieks

Office of Budget and Management director Kimberly Murnieks gestures during the news conference rolling out the FY 20-21 budget in March. Standing alongside are Gov. Mike DeWine (left) and Lt. Gov. Jon Husted.
Karen Kasler / Ohio Public Radio

Ohio's tax revenues for April finished $866.5 million below estimates, the Office of Budget and Management announced Wednesday.

calculator accounting sheet
Ken Teegardin / Flickr

The state is now starting to feel the financial effects of numerous restrictions imposed to halt the spread of coronavirus.

The Ohio Office of Budget Management is instructing state agency directors to keep a close watch on their spending during the 17-day budget extension.

Office of Budget and Management director Kimberly Murnieks gestures during the news conference rolling out the FY 20-21 budget in March. Standing alongside are Gov. Mike DeWine (left) and Lt. Gov. Jon Husted.
Karen Kasler / Ohio Public Radio

Total state tax collections were up 20% over estimates for April and 3.1 % for May. That’s leading the state budget director to revise her projections for a budget surplus for the close of the fiscal year at the end of this month.

calculator accounting sheet
Ken Teegardin / Flickr

State income tax collections have been down for the last two months, leading some to wonder whether Ohio will end the fiscal year with a surplus – or in the red.