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OH SB142
Bill
Status
6/12/2013
Primary Sponsor
William Seitz
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AI Summary
SB 142 Summary
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Establishes a new default formula (Section 5747.511) for allocating Local Government Fund distributions in counties where the largest city or township has a population exceeding 13,435 based on property wealth, income, and population ratios.
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Creates an alternative formula (Section 5747.512) for smaller counties (largest city/township population of 13,435 or less) that maintains the existing needs-based apportionment method with relative need calculations.
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Requires minimum annual distributions of $750,000 or the 2013 allocation amount (whichever is smaller) to all county undivided local government funds beginning in fiscal year 2014.
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Allows counties to adopt alternative apportionment methods by formula with approval from local governments, subject to restrictions protecting against excessive increases to qualifying cities and counties.
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Effective date of January 1, 2014 for amended and new sections governing Local Government Fund distribution formulas.
Legislative Description
To establish a new default formula for determining the share allocated to each subdivision from the Local Government Fund distribution of each county in which the largest city or township has a population of more than 13,435 and to require minimum annual distributions from the Fund to all county funds.
Local Government Fund-minimum distribution/ default formula for subdivision shares
Last Action
To Finance
6/12/2013