Ohio Fiscal Statistics

StatisNostics/State Financials/Ohio

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20122024

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State Revenue Analysis (Ohio: 2012–2024)

Population: 11,550,901 → 11,756,058 (1.8% change)

Overall Revenue Trends

Total Revenue▲ 62.1%

$62,934,361,000 (2012)→$102,039,807,000 (2024)

Per Capita Revenue▲ 59.3%

$5,448 (2012)→$8,680 (2024)

Fund Balances▼ 100%

$30,236,280,000 (2012)→$0 (2024)

Revenue Volatility✓ Low

Avg. fluctuation: 4.2%

Major Tax Revenue

Sales Tax▲ 97.3%

$8,277,130,000 (2012)→$16,329,461,000 (2024)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Amusement Tax▲ 1569.5%

$19,760,000→$329,888,000

Other License Tax▲ 737.6%

$16,785,000→$140,591,000

Federal Intergovernmental Health & Hospitals▲ 710.2%

$497,653,000→$4,031,806,000

Declining/Slowest Growing Sources

Death & Gift Tax▼ 100.0%

$66,522,000→$3,000

Corporation Net Income Tax▼ 99.8%

$117,446,000→$213,000

Sale of Property▼ 98.9%

$92,956,000→$981,000

Revenue Forecast

Projected Revenue (Next Year)▲ 0.5%

Estimated: $102,594,402,832

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

Federal Intergovernmental Public Welfare20.5%

Individual Income Tax14.3%

Total General Sales Taxes13.2%

Higher Education Tuition Charges5.6%

Federal Intergovernmental Education4.7%

Hospital Charges4.1%

Workers Compensation - Other Contributions3.2%

Miscellaneous General Revenue Not Elsewhere Classified2.9%

Motor Fuels Sales Tax2.7%

Corporation License Tax2.7%

Unemployment - Contribution2.4%

Federal Intergovernmental Highways2.4%

Higher Education Auxiliary Charges1.7%

Public Utilities Tax1.7%

Interest Earnings1.6%

Net Lottery Revenue1.4%

Occupation & Business License Not Elsewhere Classified1.4%

Tobacco Sales Tax1.3%

Liquor Stores Revenue1.3%

Federal Intergovernmental Other1.2%

Workers Compensation - Interest Earnings1.2%

Motor Vehicle License1.1%

Other Selective Sales Taxes1.1%

Donations From Private Sources0.9%

Federal Intergovernmental Health & Hospitals0.8%

Insurance Premium Tax0.8%

Federal Intergovernmental Employment Security Administration0.4%

Toll Highway Charges0.4%

Local Intergovernmental Public Welfare0.3%

Federal Intergovernmental Sewerage0.3%

Federal Intergovernmental Housing & Community Development0.3%

Amusement License Tax0.2%

Corporation Net Income Tax0.2%

Fines & Forfeits0.2%

Alcoholic Beverage Sales Tax0.2%

Sale of Property0.1%

All Other Not Elsewhere Classified Charges0.1%

Federal Intergovernmental Other Natural Resources0.1%

Motor Vehicle Operators License0.1%

Local Intergovernmental Sewerage0.1%

Death & Gift Tax0.1%

Local Intergovernmental Highways0.1%

Local Intergovernmental Health & Hospitals0.1%

Local Intergovernmental Other0.1%

Federal Intergovernmental Transit Utilities0.1%

Alcoholic Beverage License Tax0.1%

Hunting & Fishing License0.1%

Federal Intergovernmental Water Utilities0.1%

Local Intergovernmental Education0.0%

Public Utility License Tax0.0%

Natural Resources Not Elsewhere Classified Charges0.0%

Housing & Community Development Charges0.0%

Amusement Tax0.0%

Rents0.0%

Parks & Recreation Charges0.0%

Other License Tax0.0%

Local Intergovernmental Water Utilities0.0%

Severance Tax0.0%

Parimutuels Tax0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Royalties0.0%

2024 Revenue Breakdown

Federal Intergovernmental Public Welfare26.9%

Total General Sales Taxes16.0%

Individual Income Tax9.8%

Hospital Charges5.3%

Higher Education Tuition Charges4.9%

Miscellaneous General Revenue Not Elsewhere Classified4.2%

Federal Intergovernmental Health & Hospitals4.0%

Federal Intergovernmental Education3.3%

Other Selective Sales Taxes2.8%

Motor Fuels Sales Tax2.7%

Interest Earnings2.2%

Federal Intergovernmental Highways1.9%

Liquor Stores Revenue1.7%

Workers Compensation - Other Contributions1.3%

Net Lottery Revenue1.2%

Public Utilities Tax1.2%

Higher Education Auxiliary Charges1.1%

Unemployment - Contribution1.1%

Donations From Private Sources1.0%

Occupation & Business License Not Elsewhere Classified1.0%

Federal Intergovernmental Other0.9%

Insurance Premium Tax0.8%

Tobacco Sales Tax0.7%

Motor Vehicle License0.5%

Local Intergovernmental Public Welfare0.5%

Toll Highway Charges0.4%

Amusement Tax0.3%

Corporation License Tax0.2%

Federal Intergovernmental Employment Security Administration0.2%

All Other Not Elsewhere Classified Charges0.2%

Federal Intergovernmental Housing & Community Development0.2%

Federal Intergovernmental Sewerage0.2%

Other License Tax0.1%

Federal Intergovernmental Other Natural Resources0.1%

Local Intergovernmental Highways0.1%

Alcoholic Beverage Sales Tax0.1%

Local Intergovernmental Sewerage0.1%

Fines & Forfeits0.1%

Motor Vehicle Operators License0.1%

Housing & Community Development Charges0.1%

Workers Compensation - Interest Earnings0.1%

Severance Tax0.1%

Local Intergovernmental Other0.0%

Parks & Recreation Charges0.0%

Unemployment - Interest Revenue0.0%

Alcoholic Beverage License Tax0.0%

Hunting & Fishing License0.0%

Local Intergovernmental Education0.0%

Natural Resources Not Elsewhere Classified Charges0.0%

Amusement License Tax0.0%

Local Intergovernmental Health & Hospitals0.0%

Public Utility License Tax0.0%

Rents0.0%

Sale of Property0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Corporation Net Income Tax0.0%

Royalties0.0%

Death & Gift Tax0.0%

Key Insights

1Total revenue increased by 62.1% from 2012 to 2024, representing a significant change in the state's financial position.
2Population changed by 1.8%, while per-capita revenue changed by 59.3%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.
4Revenue has been relatively stable (avg. fluctuation ~4.2%).

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State Expense Analysis (Ohio: 2012 - 2024)

Total Expenditure Trends

Operating Expenditures▲ 271%

$18,048,115,000→$66,899,766,000

Per Capita Spending▲ 264%

$1,562→$5,691

Population Trends

Population Change▲ 1.8%

11,550,901 (2012)→11,756,058 (2024)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 108%

$268,281,000 (2012)→$559,212,000 (2024)

Fire Protection▼ 0%

$0 (2012)→$0 (2024)

Infrastructure Expenses

Highways Maintenance▲ 77%

$511,053,000 (2012)→$905,127,000 (2024)

Sewerage Operations▼ 100%

$1,533,000 (2012)→$0 (2024)

Administrative Expenses

Financial Administration▲ 35%

$1,080,730,000 (2012)→$1,454,896,000 (2024)

General Expenses▼ 2%

$574,798,000 (2012)→$564,457,000 (2024)

Ohio Key Insights

1Police protection spending increased by 108%, significantly outpacing population growth of 1.8%
2Per capita expenditures grew by 264%, indicating substantial service expansion or cost increases not explained by population growth alone
3Police Protection was the fastest growing major expense category at 108% increase

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State Debt Analysis (2012-2024)

Debt Trends

Total Long-Term Debt▲ 70%

$19,026,194,000 (2012)→$32,253,067,000 (2024)

Industrial Revenue Debt▼ 100%

$13,913,069,000 (2012)→$0 (2024)

Per Capita Debt▲ 67%

$1,647 (2012)→$2,744 (2024)

Population Trends

Population Change▲ 1.8%

11,550,901 (2012)→11,756,058 (2024)

⚠️ Per capita debt increased significantly with stable population

Debt Management

Most Recent Year (2024)

Issued:$3,511,656,000

Retired:$2,290,259,000

Net Change:+$1,221,397,000

Debt Retirement Trend

$2,536,559,000 → $2,290,259,000▼ 10%

Key Insights

1The sharp increase in unspecified long-term debt suggests major capital projects or financial restructuring.
2The state's debt burden per resident grew substantially while population remained relatively flat.
3New debt issuance significantly increased the per-resident debt burden (up 67%).