For Immediate Release:
October 6, 2020
Office of Budget and Management Releases Preliminary September Revenue Data
(COLUMBUS, Ohio) – The Office of Budget and Management (OBM) released September 2020 preliminary revenue data. Total General Revenue Fund tax receipts finished the month $8.7 million (0.5%) above the budgeted estimate.
- Non-Auto Sales Tax collections were $13.7 million (-1.8%) below estimate in September.
- Personal Income Tax collections were $12.1 million (-1.3%) below estimate for the month.
- Auto Sales Tax collections were $14.7 million (11.0%) above estimate in September, the fourth straight month in which that revenue category has exceeded estimate.
- The Commercial Activity Tax was above the monthly estimate by $8.5 million but remains below estimate fiscal year-to-date.
“OBM continues to monitor all revenue categories as we begin the second quarter of fiscal year 2021. Budgetary controls remain in place across state government as we analyze the various impacts of the global COVID-19 pandemic within Ohio.” said Kimberly Murnieks, OBM Director.
A more detailed explanation of this data will be included in the Monthly Financial Report, which will be posted on the OBM website on Tuesday, October 13.