OH SB22

Increases monthly allocations to the Local Government Fund from 1.66% to 3.68% of total tax revenue credited to the General Revenue Fund (GRF)

Requires the director of budget and management to credit the Local Government Fund monthly by the seventh day of each month with an amount equal to the calculated percentage multiplied by 3.68% of preceding month's GRF tax revenue

Maintains existing provisions for the Public Library Fund to receive monthly allocations calculated under a separate percentage formula based on fiscal year 2013 data

Requires the director of budget and management to develop a schedule identifying specific tax revenue sources used to make monthly transfers to both the Local Government Fund and Public Library Fund

Takes effect on the first day of the first month beginning on or after the bill's effective date