ODT Posts November PLF Distribution

The Ohio Department of Taxation (ODT) posted the November 2018 Public Library Fund (PLF) distribution of $33,128,454 — approximately 3.75% (+$1,197,766) more than the ODT’s estimate of $31,930,688 for the month. By comparison, this month’s distribution was $2,624,303 (+ 8.6%) more than the November 2017 distribution.

Year-to-date, the PLF total distribution of $358,654,755 is 2.89% higher than the ODT’s projection of $348,278,994.

Overall, state revenues are about $100 million ahead of estimates for the fiscal year (FY) so far, even after the Office of Budget and Management (OBM) and ODT decided to increase their revenue forecast for FY19 by more than half a billion dollars. For the first four months of FY19, tax collections of $7.48 billion are $100.6 million or 1.4% ahead of estimates.

A look at the PLF distribution for the past three years and a link to an Excel spreadsheet listing each county’s distribution total for November 2018 can be found on the OLC website.