After months of declining tax revenues, the Ohio Office of Budget and Management reports that revenues are expected to continue to trend downwards through Fiscal Year 2025 and that “slower economic growth in the second half of the year” can be expected.

This report comes as state agencies are preparing their initial operating budget requests ahead of the state budget that will be completed by June of 2025. Lawmakers and budget officials have previously reported that the next state budget will be “a little tighter.” 9/4/2024