The Ohio Department of Taxation (ODT) posted the May 2021 Public Library Fund (PLF) distribution of $39,534,673 – which is $3.67 million (+ 10.23%) above ODT’s original estimate that was issued in July 2020; and $2.05 million (- 4.94%) below ODT’s updated estimate issued in December 2020. This reflects the delay in personal income tax filings from April to May. Even though tax receipts came in under estimate for the month of April, this is expected to be made up with the income tax filing in May and PLF distribution in June.
The PLF Calendar Year (CY) 2021 year-to-date total is $176,399,541 and the Fiscal Year (FY) 2021 year-to-date total is $401,321,223.
According to preliminary information from the Office of Budget and Management (OBM), overall state tax receipts for the month of April came in $337.7 million (or – 12.8%) below estimates. So far, State Fiscal Year 2021 tax collections are up $425.7 million (+ 2.1%) 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 May 2021 can be found on the OLC website.