The bill proposes significant amendments to the Revised Code, primarily increasing the approval threshold for local taxes from a simple majority to at least sixty percent of voters. This change applies to various tax-related measures, including those for funding countywide 9-1-1 systems, public sports facilities, and joint economic development zones (JEDZ). The bill also outlines procedures for public hearings and notifications prior to the adoption of tax resolutions, ensuring transparency and public involvement in the decision-making process. Additionally, it modifies the ballot language for tax elections to reflect the new approval requirement and establishes governance structures for JEDZ, including the appointment of a board of directors.

Furthermore, the bill introduces provisions for the levying of income taxes by municipal corporations and school districts, requiring at least sixty percent voter approval for rates exceeding one percent. It mandates that school boards negotiate agreements with local authorities regarding tax revenues and outlines the process for issuing bonds for school construction projects. The legislation aims to enhance collaboration between local governments and school districts while ensuring that tax proposals are clearly communicated to voters. Overall, the bill seeks to streamline tax levying processes, enhance local funding mechanisms, and promote economic development while ensuring greater accountability and voter participation.

Statutes affected:
As Introduced: 128.35, 128.37, 128.38, 306.70, 307.697, 322.02, 345.02, 353.06, 511.07, 715.691, 715.70, 715.71, 715.72, 718.04, 718.09, 718.10, 757.02, 3318.06, 4301.421, 4504.02, 4504.15, 4504.21, 5739.021, 5739.026, 5739.09, 5743.021, 5743.024, 5743.026, 5748.021, 5748.03, 5748.08, 5748.09