Tax Data Series

Local Government Funds

PUBLIC LIBRARY FUND
Amounts Distributed to Counties, Calendar Year 2012

The public library fund (PLF) was created in House Bill 291 of the 115th General Assembly (this fund is formally known as “library and local government support fund”). It replaced the locally collected intangible property tax, which was repealed beginning in calendar year 1986.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.

During the first month of the FY12-13 biennium (July 2011), PLF funding was based on 2.22 percent of state GRF tax revenues. For the remainder of the biennium, August 2011 through June 2013, this funding method will not be used. Instead of receiving allocations tied to the amount of GRF tax revenue received each month, the PLF will receive a designated percentage of the specific dollar amounts received by the fund during the fiscal year 2011 (July 2010 through June 2011) “base year” period. A subsequent reduction to the monthly distributions will occur due to a mandated transfer from the PLF to several other library-related funds, pursuant to Section 325.10 of Am. Sub. H.B. 153, 129th General Assembly.

Beginning in July 2013 the “percentage of revenue” funding approach goes back into effect. In July 2013, a one-time calculation of new funding percentages is to be performed. The new funding percentage shall replace the 2.22 percent rate that was in statute. The new funding percentage will be obtained by dividing fiscal year 2013 PLF deposits by total GRF tax revenues received during fiscal year 2013.

The following link will provide a document that details the PLF distribution changes as well as projected distributions:http://www.tax.ohio.gov/channels/government/documents/FY12-13_PLF_enacted_budget_explanation_revised.pdf.

For calendar year 2012, the total amount distributed to county undivided public library funds was $344.0 million.  The revenues received from the PLF were distributed by county budget commissions with nearly all of these monies going to libraries.

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