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Message from Beth -- February 23, 2022

02/22/2022

Message from Beth -- February 23, 2022

Flags waving

Ohio’s Economy Remains Strong

The Ohio Office of Budget and Management (OBM) released January statistics indicating that state tax receipts continue to be strong at 5.5%, more than analysts had anticipated at this point in Fiscal Year 2022.  Click here to see report

Non-auto sales and personal income tax revenue sources and most others remain ahead of schedule for the year to date, which has seen the state take in a total of $15.788 billion in taxes. Heading into the last five months of the fiscal year, state coffers are running $761 million, or 5.1%, ahead of last year's pace, OBM's data show.*

February 2022 Economic Update for A/E Industry

Take some time to watch Erin McLaughlin from ACEC discussing the economic outlook for the A/E industry noting that the residential market is still “hot” as is manufacturing and water/wastewater. Click here to see video. 

As always, if you have any questions, feel free to contact me.

~Beth

*Source Gongwer News

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