Ohio Library Council Looking Ahead to 2007 The Next Biennium Budget Dec. 7, 2006
STATE FINANCES Ohio GRF Budget: Revenues
STATE FINANCES Ohio GRF Budget: Spending
STATE FINANCES Annual Growth of GRF Budget FY 1998 to FY 2007
STATE FINANCES Growth of Ohio Personal Income
STATE FINANCES Per Capita State and Local Taxes FY 2004
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$10.7$ $ %
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.
’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
’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
’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
’08–’09 BUDGET PROCESS Bill introduced late Jan., early Feb. House hearings through March, early April Senate hearings through May Conference Committee in June
’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
Questions?