Bars and restaurants in Ohio closed on March 15, and the stay at home order took effect March 23. And the state is now starting to feel the financial effects of those and other restrictions imposed to halt the spread of coronavirus.
was down 10.5% from estimates, off by $159.4 million. Sales and use taxes missed projections by more than 8%, or $68 million. Personal income taxes were off by more than 5%, or $22.3 million.
But budget director Kimberly Murnieks said it鈥檚 only going to get worse, with the tax deadline moved from April 15 to July 15.
鈥淎pril is typically our largest month for income tax collection and we expect to see a significant amount of money shifted out of April and into the future fiscal year," Murnieks said.
Murnieks said the state has a budget surplus of $90 million now, and spending cuts have been started.
And she says using is a last resort, though Gov. Mike DeWine has said it鈥檚 possible and lawmakers in a package of legislation passed last month.
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