Wadsworth receives Local Government Funds from the State of Ohio to support general governmental activities. The amount the City receives is based on the health of the State’s General Revenue Fund. Declines in state tax revenues during the recession led to a declining State General Revenue Fund and consequently to new legislation that resulted in reductions in Local Government Fund distributions:
Year
| Amount Received
| Change From Prior Year
|
|---|
2007
| $807,385.18
| n/a
|
2008
| $768,563.16
| -4.8%
|
2009
| $670,877.83
| -12.7%
|
2010
| $682,740.53
| +1.8%
|
2011
| $661,293.85
| -3.1%
|
2012
| $480,481.60
| -27.3%
|
2013
| $385,270.92
| -19.8%
|
2014
| $380,353.33
| -1.27%
|
2015
| $399,992.90
| +5.2%
|
2016
| $368,590.14
| -7.9%
|
2017
| $361,279.44 | -2.0% |
| 2018 | $373,821.07 | +3.5% |
| 2019 | $423,413.48 | +13.3% |
| 2020 | Estimated $387,017.00
| -8.6% |
With the 2012 to 2013 State Budget, the legislature changed the calculations for distribution of these funds to help balance the State budget. As a result of these changes, we have experienced a significant decrease in our revenues from this source.
For more information about Local Government Funds, go to the State of Ohio website and search for "Local Government Funds".