Ohio Fiscal Statistics

StatisNostics/State Financials/Ohio
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20122021
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State Revenue Analysis (Ohio: 2012–2021)

Population: 11,550,901 → 11,689,100 (1.2% change)

Overall Revenue Trends

Total Revenue▲ 45.9%
$62,934,361,000 (2012)→$91,805,444,000 (2021)
Per Capita Revenue▲ 44.2%
$5,448 (2012)→$7,854 (2021)
Fund Balances▲ 107.5%
$30,236,280,000 (2012)→$62,728,054,000 (2021)
Revenue Volatility✓ Low
Avg. fluctuation: 4.3%

Major Tax Revenue

Sales Tax▲ 73.9%
$8,277,130,000 (2012)→$14,393,197,000 (2021)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Federal Intergovernmental Health & Hospitals▲ 1327.7%
$497,653,000→$7,104,942,000
Amusement Tax▲ 1013.3%
$19,760,000→$219,979,000
Other License Tax▲ 715.1%
$16,785,000→$136,816,000

Declining/Slowest Growing Sources

Death & Gift Tax▼ 99.9%
$66,522,000→$62,000
Sale of Property▼ 99.2%
$92,956,000→$703,000
Corporation Net Income Tax▼ 94.9%
$117,446,000→$5,955,000

Revenue Forecast

Projected Revenue (Next Year)▲ 9.2%
Estimated: $100,296,474,831
Based on 3-year revenue trend

Revenue Composition

2012 Revenue Sources

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%

2021 Revenue Sources

Federal Intergovernmental Public Welfare24.1%
Total General Sales Taxes15.7%
Individual Income Tax11.6%
Federal Intergovernmental Health & Hospitals7.7%
Higher Education Tuition Charges4.8%
Hospital Charges4.7%
Miscellaneous General Revenue Not Elsewhere Classified4.2%
Federal Intergovernmental Education3.5%
Motor Fuels Sales Tax2.7%
Other Selective Sales Taxes2.5%
Liquor Stores Revenue1.8%
Federal Intergovernmental Highways1.6%
Workers Compensation - Other Contributions1.3%
Unemployment - Contribution1.2%
Public Utilities Tax1.1%
Interest Earnings1.0%
Tobacco Sales Tax1.0%
Net Lottery Revenue1.0%
Occupation & Business License Not Elsewhere Classified1.0%
Donations From Private Sources0.9%
Insurance Premium Tax0.7%
Federal Intergovernmental Other0.7%
Workers Compensation - Interest Earnings0.6%
Higher Education Auxiliary Charges0.6%
Motor Vehicle License0.5%
Federal Intergovernmental Transit Utilities0.4%
Toll Highway Charges0.3%
Local Intergovernmental Public Welfare0.3%
Corporation License Tax0.3%
Amusement Tax0.2%
Federal Intergovernmental Employment Security Administration0.2%
Federal Intergovernmental Sewerage0.2%
Other License Tax0.1%
All Other Not Elsewhere Classified Charges0.1%
Alcoholic Beverage Sales Tax0.1%
Local Intergovernmental Sewerage0.1%
Federal Intergovernmental Other Natural Resources0.1%
Federal Intergovernmental Housing & Community Development0.1%
Motor Vehicle Operators License0.1%
Housing & Community Development Charges0.1%
Fines & Forfeits0.1%
Severance Tax0.1%
Alcoholic Beverage License Tax0.1%
Local Intergovernmental Highways0.1%
Hunting & Fishing License0.1%
Local Intergovernmental Other0.0%
Local Intergovernmental Education0.0%
Parks & Recreation Charges0.0%
Federal Intergovernmental Water Utilities0.0%
Amusement License Tax0.0%
Natural Resources Not Elsewhere Classified Charges0.0%
Local Intergovernmental Health & Hospitals0.0%
Local Intergovernmental Water Utilities0.0%
Corporation Net Income Tax0.0%
Parimutuels Tax0.0%
Public Utility License Tax0.0%
Rents0.0%
Sale of Property0.0%
Royalties0.0%
Death & Gift Tax0.0%

Key Insights

  1. 1Total revenue increased by 45.9% from 2012 to 2021, representing a significant change in the state's financial position.
  2. 2Population changed by 1.2%, while per-capita revenue changed by 44.2%.
  3. 3The state's fund balances increased by 107.5%, suggesting improved fiscal health.
  4. 4Revenue has been relatively stable (avg. fluctuation ~4.3%).
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State Expense Analysis (Ohio: 2012 - 2021)

Total Expenditure Trends

Operating Expenditures▲ 18%
$18,048,115,000→$21,314,098,000
Per Capita Spending▲ 17%
$1,562→$1,823

Population Trends

Population Change▲ 1.2%
11,550,901 (2012)→11,689,100 (2021)

Public Safety Expenses

Police Protection▲ 76%
$0 (2012)→$0 (2021)
Fire Protection▼ 0%
$0 (2012)→$0 (2021)

Infrastructure Expenses

Highways Maintenance▲ 46%
$0 (2012)→$0 (2021)
Sewerage Operations▼ 100%
$0 (2012)→$0 (2021)

Administrative Expenses

Financial Administration▼ 3%
$0 (2012)→$0 (2021)
General Expenses▼ 9%
$0 (2012)→$0 (2021)

Ohio Key Insights

  1. 1Police Protection was the fastest growing major expense category at 76% increase
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State Debt Analysis (2012-2021)

Debt Trends

Total Long-Term Debt▲ 26%
$19,026,194,000 (2012)→$23,904,174,000 (2021)
Industrial Revenue Debt▼ 22%
$13,913,069,000 (2012)→$10,904,874,000 (2021)
Per Capita Debt▲ 24%
$1,647 (2012)→$2,045 (2021)

Population Trends

Population Change▲ 1.2%
11,550,901 (2012)→11,689,100 (2021)
⚠️ Per capita debt increased significantly with stable population

Debt Management

Most Recent Year (2021)

Issued:$1,706,883,000
Retired:$1,653,032,000
Net Change:+$53,851,000

Debt Retirement Trend

$2,536,559,000 → $1,653,032,000▼ 35%

Key Insights

  1. 1The state's debt burden per resident grew substantially while population remained relatively flat.