The bill, introduced by Representative Thomas, seeks to amend various sections of the Revised Code concerning county budget commissions, property taxation, and the distribution of local government and public library funds. Key amendments include a requirement for school districts to levy a minimum of twenty mills for current operating expenses unless specific reductions apply. The bill also clarifies the definition of "taxing authority" to include various governing bodies and introduces provisions for calculating funds payable to school districts based on annual enrollment, requiring approval from the controlling board for fund distribution. Additionally, it outlines the necessary information for tax levies and establishes guidelines for reserve balance accounts and special revenue funds to enhance financial management for local governments.

Furthermore, the bill modifies tax budget procedures for school districts and health districts, mandating that health districts that do not file revenue estimates must adopt a tax budget. It allows the county budget commission to adjust tax levies and requires public hearings if fund balances exceed certain thresholds. The bill also introduces alternative methods of apportionment for county public library funds, emphasizing transparency and accountability in financial management. Notably, it includes deletions and insertions to clarify definitions and processes related to apportionment, streamlining the legal framework for local government funding. Overall, the bill aims to improve fiscal responsibility and enhance the efficiency of budgeting and tax levy processes for local entities.

Statutes affected:
As Introduced: 3317.01, 5705.01, 5705.03, 5705.13, 5705.27, 5705.28, 5705.29, 5705.31, 5705.32, 5705.321, 5705.35, 5705.36, 5705.37, 5747.51, 5747.53