The Ohio Department of Taxation (ODT) posted the November 2020 Public Library Fund (PLF) distribution of $35,335,878 – which is $1.47 million (+ 4.34%) above ODT’s original estimate that was issued in July 2019. The distribution came in $5 million (+ 16.59%) above ODT’s latest estimates which were issued at the end of June.
The PLF Calendar Year (CY) 2020 year-to-date total is $373,227,623 which is still $5.3 million (- 1.41%) below what we were anticipating pre-pandemic. However, the PLF and state revenues are continuing to perform better than expected considering the pandemic.
According to the Office of Budget and Management (OBM), overall state tax receipts for the month of October came in $84.8 million (or + 4.3%) above estimates. So far, State Fiscal Year 2021 tax collections are up $347.2 million (+ 4.2%) above 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 2020 can be found on the OLC website.