The bill, introduced by Representative Thomas, aims to amend various sections of the Revised Code concerning county budget commissions, property taxation, and funding for local governments and public libraries. Key changes include a broader definition of "school district" to include various educational institutions and a stipulation that the Department of Education and Workforce will calculate and certify funding amounts for each school district. The bill also establishes that no funds will be distributed without the approval of the controlling board and outlines conditions for school districts to qualify for funding, including a minimum operating levy. Significant insertions clarify conditions under which school districts may levy less than the required twenty mills for current operating expenses and modify the definition of "taxing authority" to include educational service centers.

Additionally, the bill introduces amendments to the tax levy process, requiring detailed information for tax questions submitted to voters and mandating public hearings for county commissioners before tax submissions. It establishes provisions for reserve balance accounts and special revenue funds, enhancing financial management for taxing authorities. The bill also clarifies the responsibilities of the county budget commission in reviewing tax budgets and emphasizes transparency in the budgeting process. Furthermore, it allows for alternative methods of apportionment for county public library funds, contingent upon governmental approval, and mandates public libraries to maintain accessible financial records. Overall, these changes aim to improve fiscal responsibility and responsiveness to community needs in managing public funds and tax levies.

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