The bill amends various sections of the Revised Code to enhance the regulations governing county budget commissions and property taxation in Ohio. It introduces new provisions for the calculation and distribution of funds to school districts, ensuring allocations are based on annual enrollment and specific student subgroups. The bill mandates that no funds can be distributed without the approval of the controlling board and requires school districts to levy a minimum of twenty mills for current operating expenses, with certain exceptions for reductions in collections. Additionally, it modifies the responsibilities of county budget commissions to allow adjustments in estimated amounts from general property taxes to prevent excessive collections and establishes guidelines for the approval of tax levies.

Moreover, the bill introduces provisions for the apportionment of funds for county public libraries, particularly in counties where the largest city has a population of 20,000 or less. It allows legislative authorities or boards of township trustees from multiple political subdivisions to adopt resolutions to exclude the largest city's legislative authority from the approval process for alternative apportionment methods. The bill also establishes a new section defining a "qualifying fixed-sum levy" and outlines the roles of the tax commissioner and county auditors in determining necessary rate changes. Furthermore, it repeals existing sections of the Revised Code to streamline the legal framework related to library fund apportionment and tax levies.

Statutes affected:
As Introduced: 3317.01, 5705.31, 5705.32, 5705.321