Ohio Fiscal Statistics

StatisNostics/State Financials/Ohio
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20122023
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State Revenue Analysis (Ohio: 2012–2023)

Population: 11,550,901 → 11,780,017 (2.0% change)

Overall Revenue Trends

Total Revenue▲ 61.2%
$62,934,361,000 (2012)→$101,465,821,000 (2023)
Per Capita Revenue▲ 58.1%
$5,448 (2012)→$8,613 (2023)
Fund Balances▼ 100%
$30,236,280,000 (2012)→$0 (2023)
Revenue Volatility✓ Low
Avg. fluctuation: 4.5%

Major Tax Revenue

Sales Tax▲ 98.8%
$8,277,130,000 (2012)→$16,454,632,000 (2023)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Amusement Tax▲ 1590.4%
$19,760,000→$334,019,000
Federal Intergovernmental Health & Hospitals▲ 1046.3%
$497,653,000→$5,704,572,000
Other License Tax▲ 743.1%
$16,785,000→$141,519,000

Declining/Slowest Growing Sources

Death & Gift Tax▼ 99.9%
$66,522,000→$34,000
Corporation Net Income Tax▼ 99.8%
$117,446,000→$251,000
Sale of Property▼ 97.6%
$92,956,000→$2,231,000

Revenue Forecast

Projected Revenue (Next Year)▲ 5.2%
Estimated: $106,777,959,262
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%

2023 Revenue Breakdown

Federal Intergovernmental Public Welfare24.8%
Total General Sales Taxes16.2%
Individual Income Tax11.1%
Federal Intergovernmental Health & Hospitals5.6%
Hospital Charges4.8%
Higher Education Tuition Charges4.8%
Miscellaneous General Revenue Not Elsewhere Classified4.4%
Federal Intergovernmental Education3.3%
Other Selective Sales Taxes2.7%
Motor Fuels Sales Tax2.7%
Liquor Stores Revenue1.7%
Interest Earnings1.6%
Federal Intergovernmental Highways1.5%
Workers Compensation - Other Contributions1.4%
Net Lottery Revenue1.3%
Public Utilities Tax1.2%
Unemployment - Contribution1.2%
Higher Education Auxiliary Charges1.1%
Donations From Private Sources1.0%
Occupation & Business License Not Elsewhere Classified1.0%
Tobacco Sales Tax0.8%
Federal Intergovernmental Other0.8%
Insurance Premium Tax0.8%
Workers Compensation - Interest Earnings0.6%
Motor Vehicle License0.5%
Local Intergovernmental Public Welfare0.4%
Toll Highway Charges0.4%
Amusement Tax0.3%
Corporation License Tax0.3%
Federal Intergovernmental Housing & Community Development0.2%
All Other Not Elsewhere Classified Charges0.2%
Federal Intergovernmental Employment Security Administration0.2%
Other License Tax0.1%
Alcoholic Beverage Sales Tax0.1%
Local Intergovernmental Sewerage0.1%
Local Intergovernmental Highways0.1%
Federal Intergovernmental Other Natural Resources0.1%
Motor Vehicle Operators License0.1%
Housing & Community Development Charges0.1%
Fines & Forfeits0.1%
Severance Tax0.1%
Amusement License Tax0.1%
Federal Intergovernmental Sewerage0.0%
Alcoholic Beverage License Tax0.0%
Local Intergovernmental Other0.0%
Hunting & Fishing License0.0%
Parks & Recreation Charges0.0%
Local Intergovernmental Education0.0%
Natural Resources Not Elsewhere Classified Charges0.0%
Unemployment - Interest Revenue0.0%
Local Intergovernmental Health & Hospitals0.0%
Sale of Property0.0%
Public Utility License Tax0.0%
Rents0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Royalties0.0%
Corporation Net Income Tax0.0%
Death & Gift Tax0.0%

Key Insights

  1. 1Total revenue increased by 61.2% from 2012 to 2023, representing a significant change in the state's financial position.
  2. 2Population changed by 2.0%, while per-capita revenue changed by 58.1%.
  3. 3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.
  4. 4Revenue has been relatively stable (avg. fluctuation ~4.5%).
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State Expense Analysis (Ohio: 2012 - 2023)

Total Expenditure Trends

Operating Expenditures▲ 249%
$18,048,115,000→$63,073,845,000
Per Capita Spending▲ 243%
$1,562→$5,354

Population Trends

Population Change▲ 2%
11,550,901 (2012)→11,780,017 (2023)
⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 98%
$268,281,000 (2012)→$532,233,000 (2023)
Fire Protection▼ 0%
$0 (2012)→$0 (2023)

Infrastructure Expenses

Highways Maintenance▲ 64%
$511,053,000 (2012)→$836,174,000 (2023)
Sewerage Operations▼ 100%
$1,533,000 (2012)→$0 (2023)

Administrative Expenses

Financial Administration▲ 25%
$1,080,730,000 (2012)→$1,345,913,000 (2023)
General Expenses▲ 50%
$574,798,000 (2012)→$859,707,000 (2023)

Ohio Key Insights

  1. 1Per capita expenditures grew by 243%, indicating substantial service expansion or cost increases not explained by population growth alone
  2. 2Police Protection was the fastest growing major expense category at 98% increase
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State Debt Analysis (2012-2023)

Debt Trends

Total Long-Term Debt▲ 63%
$19,026,194,000 (2012)→$31,062,094,000 (2023)
Industrial Revenue Debt▼ 100%
$13,913,069,000 (2012)→$0 (2023)
Per Capita Debt▲ 60%
$1,647 (2012)→$2,637 (2023)

Population Trends

Population Change▲ 2%
11,550,901 (2012)→11,780,017 (2023)

Debt Management

Most Recent Year (2023)

Issued:$2,195,250,000
Retired:$3,896,224,000
Net Change:$-1,700,974,000

Debt Retirement Trend

$2,536,559,000 → $3,896,224,000▲ 54%
🔄 Significant change in retirement strategy detected

Key Insights

  1. 1The sharp increase in unspecified long-term debt suggests major capital projects or financial restructuring.
  2. 2There appears to be a significant shift in debt management strategy between 2012-2023, with a move toward higher debt levels.