tax revenue

Rhinegeist Brewery in Cincinnati is one of three major breweries in Ohio boosting the state's craft beer production.
5chw4r7z / Flickr

The state budget is a sea of red, as income and sales tax collections are less than half of what was predicted for this month. But tax revenue from alcohol and cigarettes saw a big spike last month as Ohioans were at home due to the coronavirus pandemic.

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.

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.

Ohio Governor John Kasich speaks during the Ohio State of the State address in the Fritsche Theater at Otterbein University in Westerville, Tuesday, March 6, 2018.
Paul Vernon / Associated Press

The state’s budget office is forecasting a surplus at the end of this fiscal year. Gov. John Kasich says he wants to take that extra money and adjust withholdings, resulting in more money in Ohioans’ paychecks.

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Flickr / Creative Commons

After a tough year of forecasting last year, the state's budget projections turned out to be right on target for last month.

Ohio Statehouse
Alexander Smith / Wikimedia Commons

For the second month in a row, the state collected more income taxes than forecasts suggested it would. Statehouse correspondent Karen Kasler reports that’s quite a turnaround from last year, when the two-year state budget had to be trimmed as income taxes fell nearly $850 million short.

For the ninth time in 10 months, Ohio's tax revenues came in below estimates. And Statehouse correspondent Karen Kasler says that is raising many questions among lawmakers trying to work out the upcoming state budget.

State Budget Director Tim Keen says that April’s preliminary numbers show revenues were $159 million below estimates, led by lower income and sales tax collections.

Ohio Statehouse
Karen Kasler / Ohio Public Radio

Gov. John Kasich has cut income taxes in all three of his state budgets, and has proposed a 17 percent income tax cut in his final one. But state lawmakers are working on the new state budget right now, and are looking at state tax revenue coming in below estimates. And even Kasich’s Republican colleagues in the legislature are showing signs that they’re concerned about what they’re seeing.

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Flickr / Creative Commons

For the fourth time in five months, the state has fallen short of predicted revenue.

Slot machines inside Hollywood Casino in Columbus.
WOSU

Tax revenue from Ohio's four full-service casinos shows a slight increase in the third quarter of the year.