Ohio Budget Office Reporting $1.7 Billion Surplus

(ONN) – Ohio is reporting a more than a $1 billion surplus this year.

Officials say, they ended up collecting $1.7 billion dollars more in taxes, then originally expected.

Personal income taxes accounted for the majority of the surplus at 1-point-1 billion.

Sales taxes brought in 472-million dollars more than anticipated, and the “commercial activity tax” brought in an extra 180 million.

State leaders say some of the surplus funds will be used for property tax credits for senior citizens and to extend the sales tax holiday.

A full financial report is expected soon.