The Ohio Department of Taxation (ODT) has posted the July 2017 Public Library Fund (PLF) distribution. This is the first distribution for fiscal year (FY) 2018 with the PLF set at 1.68% of the state’s General Revenue Fund (GRF) instead of the 1.7% that was in temporary law in the previous state budget. Please note the differences when comparing the PLF estimates with the actual distributions (see chart below).
|July 2017 Actual Distribution||July 2017 ODT Estimate||July 2016 Actual Distribution|
|PLF at 1.68% of GRF||PLF at 1.66% of GRF||PLF at 1.7% of GRF|
|GRF = General Revenue Fund|
The state ended fiscal year (FY) 2017 with $170.9 million in unobligated funds that will be carried over into FY 2018. Overall, state tax receipts for FY 2017 came in $849 million (-3.7%) below the Office of Budget and Management (OBM) projections. For the past year, state tax revenues have consistently trailed estimates.
The July 2017 PLF distribution is $37,537,498. This is the first distribution for FY 2018 and at the new rate of 1.68% of the state’s General Revenue Fund (GRF). The July 2017 distribution is $907,573 more than ODT’s estimate for the month and $970,424 more than the July 2016 distribution.
A look at the PLF distribution for the past three years and a link to an Excel spreadsheet listing each county’s distribution total for July 2017 can be found on the OLC website.