Increase state tax revenue allocated to Local Government Fund

This bill proposes increasing the percentage of state tax revenue automatically transferred to the Local Government Fund and the Public Library Fund. Specifically, it adjusts the allocation rates for these funds to ensure local governments and libraries receive a larger share of state tax income each month. The legislation requires the state budget director to create a schedule detailing which specific tax sources will be used for these monthly transfers and allows for future adjustments to that schedule. By modifying the statutory percentages, the bill directly affects how much funding local governments and public libraries receive from the state treasury.