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COLUMBUS, Ohio — State tax coffers continue to swell, backed by a surging April in which personal income tax receipts were nearly 7 percent higher than expected.

For the month of April — always a key month because that’s when most people file their tax returns — state tax receipts exceeded projections by $84 million, bringing the state’s surplus revenue to $350 million this fiscal year.

Most of that $84 million — which was 4 percent above estimates for April — was from personal income tax collections, which exceeded projections by $81 million.

State Budget Director Tim Keen downplayed the strong showing for April, saying tax receipts were “modestly” above the estimates.

“We ended up about 2.3 percent above estimates,” Keen said, referring to the year-to-date overall numbers. “So we are pleased to see that. It was another good month for our personal-income numbers, but withholding continues to be weak, which is a little bit of a cause for concern.”

With some budget forecasters predicting the state’s ending balance June 30 to be as much as $800 million in the black, Gov. John Kasich’s administration has been trying to tamp down expectations.

Nonetheless, the rising tide of revenue has grabbed the attention of state lawmakers in both parties, who are beginning to make noise about spending some of the state’s extra money come the end of June.

Democrats have proposed snatching up the surplus as part of a plan to funnel $400 million back to schools and local governments that were hit by deep cuts in Kasich’s first biennial budget.

So far, Republicans have pushed back against those efforts, but House Finance Chairman Ron Amstutz said during a floor speech April 25 that the GOP may have “common ground” with Democrats over siphoning off more funding for schools and local governments when the books close.

That has brought a howl of protest from Kasich, who has said he will fight efforts for a serious raid on surplus dollars or the state’s “rainy day” fund, which has about $247 million in it.

A complicating factor in the state’s surplus-revenue picture is a $500 million payment from the state’s private economic development wing — JobsOhio — which is tied up in a court case. Keen called it “a very real possibility” the state won’t get the payment this year, which would open up a $500 million hole in the budget that he would need to close.

Keynote Speaker former Cleveland Browns coach Sam Rutigliano

 

DATE: Wednesday, May 16^th, 2012 at 6 PM

 

WHERE: LaMalfa Centre

5783 Heisley Road

Mentor, Ohio 44060

TO RSVP or any Questions? Please contact Billie Willis at (440) 354-3774 or BillieWillis@use.SalvationArmy.org

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2012 Dinner: Ticket and Sponsorship Pricing
Please check to indicate the sponsor level of your choice.

 

Individual Tickets: $45       Senior Tickets: $35

Tables of 8 = $350

 

Available Sponsorships below!

$2,500 Hall of Fame Sponsorship: Sponsor level includes: Special Recognition at the dinner and a full-page ad in the program. Eight seats (1 table) to the dinner in a prime location.

$1,000 Champion Sponsorship: Sponsor level includes: Recognition with a half-page ad in the program. Eight seats (1 table) to the dinner in a prime location.

Please return the completed form with payment/donation to:

The Salvation Army

ATTN: 2012 Annual Dinner
69 Pearl St.
Painesville, Ohio 44077

Check Payment:
(Make Checks Payable to: The Salvation Army of Painesville, Memo: 2012 Civic Dinner)

Program advertisements available as well!! See below

Advertisements for Program Book:  Please Select the Size of your Ad
Please send your program artwork (.pdf) to Jorge.Munoz@use.SalvationArmy.org

____  Full Page Ad:  $200  |  4.75”w x 7.75”h
____  Half Page Ad: $125  |  4.75”w x 3.75”h
____  Quarter Page Ad:  $50  |  4.75”w x 1.75”h

 

 

Feel free to contact me as well with any questions!

 

Thank you,

 

Greg