COLUMBUS, Ohio — Ohio tax revenues have been coming in higher than expected, positive budget news for a state that has been struggling with deficits.
The Columbus Dispatch reports preliminary numbers released last week show November's tax receipts surpassed projections by $65.7 million, or 5.4 percent. For the fiscal year ending in June, tax revenues are running 3.3 percent above estimates.
The state is still facing the prospect of an $8 billion shortfall in its next two-year budget, due by June 30.
Officials say November's tax collections were boosted by personal income taxes and sales taxes that came in above forecasts.