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Ohio Library Council Looking Ahead to 2007 The Next Biennium Budget Dec. 7, 2006. STATE FINANCES. Ohio GRF Budget: Revenues. STATE FINANCES. Ohio GRF Budget: Spending. STATE FINANCES. Annual Growth of GRF Budget FY 1998 to FY 2007. STATE FINANCES. - PowerPoint PPT Presentation
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Ohio Library CouncilOhio Library Council
Looking Ahead to Looking Ahead to 2007 2007
The Next Biennium The Next Biennium BudgetBudget
Dec. 7, 2006Dec. 7, 2006
STATE FINANCES
Income Tax34%
Sales Tax30%
Federal Aid23%
All Other13%
Ohio GRF Budget: Revenues
STATE FINANCES
Higher Education
10%
All Other 18%
Prisons 7%
Primary & Secondary Education
27%
Medicaid38%
Ohio GRF Budget: Spending
STATE FINANCES
4.1%2.6%1.9%
4.7%4.5%
9.7%
4.9%
7.5%5.4%
-1.5%
-4.0%
-2.0%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
FY1998
FY1999
FY2000
FY2001
FY2002
FY2003
FY2004
FY2005
FY2006
FY2007
Annual Growth of GRF Budget FY 1998 to FY 2007
STATE FINANCESGrowth of Ohio Personal Income
1996 - 2005
2.3%
4.4%
2.8%
4.0%
5.9%6.0%
4.2%
1.6%
3.5%
5.3%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005
Figures are in current dollars (not adusted for inf lation)
STATE FINANCESPer Capita State and Local Taxes
FY 2004$3,419 $3,440
$0
$500
$1,000
$1,500
$2,000
$2,500
$3,000
$3,500
$4,000
OHIO U.S. AVG.
Ohio ranks 20th among all states
Library and Local Government Fund Actual Entitlements Calendar Years 1986-1996
Calendar Year
Guarantee Share
Equalization Share
Total Distributions
Yr-to-Yr Change
Yr-to-Yr Percentage
Change
1986 $167.5 $10.7 $178.2 -- --1987 181.1 26.3 207.4 $29.2 16.4%1988 215.3 3.0 218.3 10.9 5.31989 226.8 24.6 251.4 33.1 15.21990 262.7 0.0 262.7 11.3 4.51991 268.8 0.0 268.8 6.1 2.31992 268.8 0.0 268.8 0.0 0.01993 276.9 7.8 284.7 15.9 5.91994 293.8 3.2 297.0 12.3 4.31995 303.8 15.0 318.8 21.8 7.31996 329.0 13.6 342.6 23.8 7.5
Library and Local Government Fund Actual Entitlements Calendar Years 1997-2005
Calendar Year
Guarantee Share
Equalization Share
Total Distributions
Yr-to-Yr Change
Yr-to-Yr Percentage
Change
1997 $352.5 $23.5 $376.0 $33.4 9.7%1998 384.3 40.4 424.7 48.7 13.01999 431.9 23.9 455.8 31.1 7.32000 465.4 25.7 491.1 35.3 7.72001 -- -- 496.5 5.4 1.12002 -- -- 457.7 (38.8) -7.82003 -- -- 452.6 (5.1) 1.12004 -- -- 455.5 2.9 0.62005 -- -- 458.0 2.5 0.5
Change 1986-2005
-- -- -- 279.8$ 157.0%
“Embedded equalization share in CY 2000 (cumulative equalization shares)* $217.7“Embedded equalization share as 5 of total CY 2000 distribution* 44.3%*$217.7 million, or 44.3%, of the CY 2000 entitlement was based on the accumulated impact of equalization formula.
’08–’09 BIENNIUM BUDGET
Local Government and Library Revenue Distribution Task Force Report:
New formula highlights3% increase in the first year of the
new formula2.27% (or some adjusted
percentage) of total GRF tax receipts
’08–’09 BIENNIUM BUDGET
Other Report Issues:Peel-off nature of distribution protects
the funds from current state TELCAT dollars used to hold harmless the
TPP not included as revenueImpact of other earmarksHold harmless language for counties
and townships
’08–’09 BIENNIUM BUDGET
Committee Members:
Co-Chairman Cates Co-Chairman Wolpert Sen. Grendell Sen. Schuring Sen. Fedor
Sen. Zurz Rep. Daniels Rep. Uecker Rep. Sayer Rep. Chandler
’08–’09 BUDGET PROCESSBill introduced late Jan., early Feb.House hearings through
March, early AprilSenate hearings through MayConference Committee in June
’08–’09 BUDGET PROCESS
What libraries should do now:Send thank you letters to committee
membersInvite new legislators to your libraryWork with your Legislative Network
Questions?
