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DECEMBER REVENUES BELOW ESTIMATE

January 14th, 2010

While state revenues are still close to being on target for the fiscal year as a whole, December revenues proved disappointing last week as they came in below estimate by $37.3 million (2.5%).  To help provide some perspective on where the bar has been set for revenue estimates, through December, Ohio has received $764.9 million less in SFY 2010 than it did in SFY 2009 – a decline in revenues of 9.1%.