Title
A RESOLUTION AUTHORIZING ADVANCES OF LOCAL TAXES.
Brief Description: Ohio Revised Code Section 321.34, requires all local authorities entitled to advancement of funds must submit a resolution authorizing advances of local taxes each year. This resolution entitles the City to receive tax advances for tax year 2025 (payable in 2026) from Summit County.
Body
Legislative History
Res No. 26-30 - Advances of Local Taxes; 2/17/2026
Purpose & Explanation
The purpose is to permit the City to request and receive tax advances from Summit County. The most common advance the City receives is property taxes.
NOTE: The Resolution that was passed on February 17, 2026 inadvertently stated the authorization for advances was for tax year 2026, payable in 2027.
This new Resolution is for tax year 2025, payable in 2026. This will permit the City to receive advances from the County in 2026.
Timing Considerations
The resolution should be passed in order for the City to receive advances from the County.
Fiscal Impact
Currently Budgeted
Supplemental Appropriation Required
X Appropriation Not Required.
Recommendation
Suggested Action
Staff recommends passage of the Resolution authorizing advances of local taxes.
Submitted by,
Thomas J. Sheridan, City Manager
Jeff Knoblauch, Assistant City Manager - Finance Director