© 2024 Ideastream Public Media

1375 Euclid Avenue, Cleveland, Ohio 44115
(216) 916-6100 | (877) 399-3307

WKSU is a public media service licensed to Kent State University and operated by Ideastream Public Media.
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Early State Reports Hint At Another Big Drop In Ohio Tax Collections

photo of money
JO INGLES
/
STATEHOUSE NEWS BUREAU

State senators are preparing to put out their version of Ohio's budget, in which they need to trim hundreds of millions of dollars to make sure it’s balanced. The state budget office is reporting another big loss in tax collections for the current fiscal year.

May’s preliminary numbers show personal income-tax collections came in almost $89 million below projections – a miss of nearly 14 percent. The actual dollar figure was less than the deficit in previous months, and other revenues were up – notably, the state’s commercial activity tax.

That brought the total tax collections shortfall for May to $67 million. But the total deficit for the fiscal year continues to approach a billion dollars. May’s report shows a shortfall of close to $841 million, with just one month left in the fiscal year. That is 4 percent below projections.

The Office of Budget and Management says in a statement with the May report that at this time, it believes the state will finish the fiscal year in the black. 

Karen is a lifelong Ohioan who has served as news director at WCBE-FM, assignment editor/overnight anchor at WBNS-TV, and afternoon drive anchor/assignment editor in WTAM-AM in Cleveland. In addition to her daily reporting for Ohio’s public radio stations, she’s reported for NPR, the BBC, ABC Radio News and other news outlets. She hosts and produces the Statehouse News Bureau’s weekly TV show “The State of Ohio”, which airs on PBS stations statewide. She’s also a frequent guest on WOSU TV’s “Columbus on the Record”, a regular panelist on “The Sound of Ideas” on ideastream in Cleveland, appeared on the inaugural edition of “Face the State” on WBNS-TV and occasionally reports for “PBS Newshour”. She’s often called to moderate debates, including the Columbus Metropolitan Club’s Issue 3/legal marijuana debate and its pre-primary mayoral debate, and the City Club of Cleveland’s US Senate debate in 2012.