The Ohio Department of Taxation (ODT) posted the June 2020 Public Library Fund (PLF) distribution of $31,446,791 – which is $5,120,562 (-14%) below ODT’s estimate for the month and brings the Calendar Year (CY) 2020 total to $184,483,254 (which is down 9.65% year-to-date). As expected, the June PLF distribution is under estimate due to the economic impact of the COVID-19 pandemic and business closures.
The Office of Budget and Management (OBM) will release the state’s May tax receipts later this week. Once we have that information and OBM’s monthly financial report for June, we will be able to better understand the impact.
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 June 2020 can be found on the OLC website.