The Ohio Office of Budget and Management (OBM) released their monthly Financial Report today and recently announced that they will be updating their FY 2025 revenue estimates.

The Ohio Department of Taxation (ODT) posted the August 2024 Public Library Fund (PLF) distribution of $36,593,122 - which is $553,802 (or + 1.54%) above ODT's original estimate that was issued in July 2023; and $578,563 (or + 1.61%) above ODT's updated estimate issued in December 2023. As indicated in previous communications and above, OLC is continuing to monitor state revenues, and we hope to have more information as OBM updates their FY 2025 state revenue estimates for purposes of the next state budget. We hope to have those updated forecasts in September.

A look at the PLF distribution for the past three years and a link to an Excel spreadsheet listing each county's distribution total for August 2024 can be found on the OLC website.