The state says Ohio finished in strong financial position at the end of the most recent fiscal year. Insiders report that it’s a good sign for the upcoming two-year budget.
State tax collections topped expectations by $651 million, or 2.9%, for the year ending in June. Overall collections stood at $34 billion for fiscal year 2019.
Ohio lawmakers were unable to finish work on the state’s $69 billion spending plan at the end of June and instead passed a bill providing temporary funding for 17 days.
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