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Preliminary Revenue Data - December 2021

Preliminary Revenue Data - December 2021

FOR IMMEDIATE RELEASE:

January 7, 2022

Office of Budget and Management Releases Preliminary December Revenue Data

(COLUMBUS, Ohio) – The Office of Budget and Management (OBM) released December 2021 preliminary revenue data. Total General Revenue Fund tax receipts finished the month $243.6 million (11.9%) above the budgeted estimate.

  • Non-Auto Sales Tax collections were $80.7 million (8.5%) above the monthly estimate.
  • Auto Sales Tax collections were $10.1 million (7.8%) above the monthly estimate.
  • Personal Income Tax collections were $130.7 million (15.1%) above estimate for the month.
  • The Commercial Activity Tax performed above estimate by $2.4 million (23.1%).

“Ohio’s fiscal position is strong. We will monitor economic indicators and continue the conservative budget practices that have kept our state on solid ground,” said OBM Director Kimberly Murnieks.

A more detailed explanation of this data will be included in the Monthly Financial Report, which will be posted on the OBM website on Monday, January 10. OBM Director Kimberly Murnieks can be reached for comment today. Call Pete LuPiba at 614-949-8584.


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