State officials say tax revenues for July were higher than estimated. Ohio Public Radio's Andy Chow reports.
For the first month of the new fiscal year, a preliminary report shows in July, the state collected $29 million more in personal income tax revenue than expected - 5% above estimates.
Last year, personal income tax revenue fell well below estimates for 11 months, ending $849 million short of projections. The fiscal year did end without budget cuts because of under-spending in other areas.
The revenues from sales taxes are still sluggish, lagging behind estimates by 3%.
However, the commercial activity tax, or CAT, brought in $9 million more than expected.