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Ohio Library Council Looking Ahead to 2007 The Next Biennium Budget Dec. 7, 2006.

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Presentation on theme: "Ohio Library Council Looking Ahead to 2007 The Next Biennium Budget Dec. 7, 2006."— Presentation transcript:

1 Ohio Library Council Looking Ahead to 2007 The Next Biennium Budget Dec. 7, 2006

2 STATE FINANCES Ohio GRF Budget: Revenues

3 STATE FINANCES Ohio GRF Budget: Spending

4 STATE FINANCES Annual Growth of GRF Budget FY 1998 to FY 2007

5 STATE FINANCES Growth of Ohio Personal Income

6 STATE FINANCES Per Capita State and Local Taxes FY 2004

7

8 Library and Local Government Fund Actual Entitlements Calendar Years Calendar Year Guarantee Share Equalization Share Total Distributions Yr-to-Yr Change Yr-to-Yr Percentage Change 1986$167.5$10.7$ $ %

9 Library and Local Government Fund Actual Entitlements Calendar Years Calendar Year Guarantee Share Equalization Share Total Distributions Yr-to-Yr Change Yr-to-Yr Percentage Change 1997$352.5$23.5$376.0$ % (38.8) (5.1) Change $157.0% “Embedded equalization share in CY 2000 (cumulative equalization shares)* $217.7 “Embedded equalization share as 5 of total CY 2000 distribution* 44.3% *$217.7 million, or 44.3%, of the CY 2000 entitlement was based on the accumulated impact of equalization formula.

10 ’08–’09 BIENNIUM BUDGET Local Government and Library Revenue Distribution Task Force Report:  New formula highlights  3% increase in the first year of the new formula  2.27% (or some adjusted percentage) of total GRF tax receipts

11 ’08–’09 BIENNIUM BUDGET Other Report Issues:  Peel-off nature of distribution protects the funds from current state TEL  CAT dollars used to hold harmless the TPP not included as revenue  Impact of other earmarks  Hold harmless language for counties and townships

12 ’08–’09 BIENNIUM BUDGET Committee Members:  Co-Chairman Cates  Co-Chairman Wolpert  Sen. Grendell  Sen. Schuring  Sen. Fedor  Sen. Zurz  Rep. Daniels  Rep. Uecker  Rep. Sayer  Rep. Chandler

13 ’08–’09 BUDGET PROCESS  Bill introduced late Jan., early Feb.  House hearings through March, early April  Senate hearings through May  Conference Committee in June

14 ’08–’09 BUDGET PROCESS What libraries should do now:  Send thank you letters to committee members  Invite new legislators to your library  Work with your Legislative Network

15 Questions?


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