The Ohio Department of Taxation (ODT) posted the October 2020 Public Library Fund (PLF) distribution of $33,575,973 – which is $6,450 (- 0.02%) below ODT’s original estimate that was issued in July 2019. The distribution came in at $3.43 million (+ 11.4%) above ODT’s latest estimates which were issued at the end of June.
This is the third month in a row where the actual PLF distribution has exceeded ODT’s revised estimates by a significant margin. However, the PLF Calendar Year (CY) 2020 year-to-date total is $337,891,745 which is $6.8 million (- 1.97%) below what we were anticipating pre-pandemic.
According to the Office of Budget and Management (OBM), overall state tax receipts for the month of September came in at $1.92 billion and were just $8.72 million (or + 0.5%) above their original estimates. So far, State Fiscal Year 2021 tax collections are up $262.3 million (+ 4.1%) above estimates. Preliminary revenue data for September is available on the OBM website.
A look at the PLF distribution for the past three years and a listing of each county’s distribution total for October 2020 can be found on the OLC website.