Tax Data Series

Local Government Funds

Library and Local Government Support Fund
Amounts Distributed to Counties, Calendar Year 2001

The library and local government support fund was created in House Bill 291 of the 115th General Assembly. It replaces the locally collected intangible property tax, which was repealed beginning in calendar year 1986. This fund provides state aid to counties on a monthly basis for libraries and local governments, which were receiving revenue from the intangible property tax.

The library and local government support fund is comprised of 5.7 percent of the preceding month's personal income tax collections. The total amount distributed to county undivided library and local government support funds for calendar year 2001 was $496.5 million. The amount allocated to each county is based on a formula contained in RC section 5747.46. Each county's distribution is after an adjustment for any overpayment or underpayment made in the preceding year (2000).

However, the fiscal year 2002 and 2003 state budget bill (House Bill 94) temporarily suspended the statutory county allocation formula beginning with the July 2001 distributions. From July 2001 through December 2001 each county received the same amount it received in July 2000 through December 2000, except for reductions (totaling $3.2 million) due to required transfers from the library and local government support fund to the OPLIN technology fund.

The revenues received from the library and local government support fund are distributed by county budget commissions. Less than 2 percent went to local governments with the balance going to libraries.

Figures shown were compiled from records of the Ohio Department of Taxation.