[{"_1":2,"_98":-5,"_99":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,86],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6225793,"mediaKeyId","3532216-1f4f05ce4eb8c6b873f48b7bd64a23ba","parentId",3532216,"title","Council to consider expanding funding sources after Montgomery Road prepayment reduces FRP line item","audioSeconds",552,"startMs",1176000,"endMs",1728000,"viewUrl","/Search/View?dp=1&key=3532216-1f4f05ce4eb8c6b873f48b7bd64a23ba&start=1176&end=1728","thumbnailUrl","https://assets.pipeline.soar.com/3532216-1f4f05ce4eb8c6b873f48b7bd64a23ba/thumbnail_1176000.jpg","articleUrl","/articles/6225793/Norwood/Hamilton-County/Ohio/Council-to-consider-expanding-funding-sources-after-Montgomery-Road-prepayment-reduces-FRP-line-item","mediaUrl","https://secure.pipeline.soar.com/6225793-fc6d4863d516e504028b847e24369838/orig.mp4?Expires=1773746452&Signature=YGM7qqE6rqCEWkXBFgpmEUycTf1MMniiPePjNj0LBqXAVpBKzhoiAzazZY2gTb-R585FJbzwK0qokUGf6rwF2b3~OSgDuvui8MqP3TtJ3xpE65uMQNPYT7R~wcaok9VjzXkovjgWgbqn2A9Jldto~Uj2GE0MW4WZnxRWcFy7h3AS9EU531pODaFNjHmZLwa-o0zPy2rY7WexJb9oeihrwotDpLL7jOInZh9oj62ot1yb6qC~lY0dd6tIFoqHgqEf2DwaAYF3j4dlNtTJnZUkWYKZwGZAmjd8k62jKmGCRLfyA0A32TUr378T9Sw94THwCtXvqBbjOcEh6cyZpfyOAw__&Key-Pair-Id=KUT5TJCACFTXG","author","City Council of Norwood, OH ","date","2025-05-27T22:30:05Z","article","City staff told the Finance, Claims, Budget and Audit Committee that a prepayment of roughly $680,000 reduced the line item for Montgomery Road in the Financial Recovery Plan, materially changing the funding picture for the project and prompting an amendment to add additional capital funds as potential sources.

\"What I saw when I [reviewed] the beginning of the April FRP, it was, almost 3,000,000, but the for that budgeted line item in the streets. And then when the FRP actually passed, it was in down to 2.3. There was a road project that was paid early. That was about 680 some thousand,\" a staff member said when explaining the discrepancy. Staff and the safety-service director reviewed options to keep the Montgomery Road project from stalling and identified multiple capital-outlay funding sources.

According to staff, the project's total cost is about $4.6 million and the city's net obligation is roughly $2.3 million; the project is set up so part of the total will be reimbursed. To avoid delay, staff proposed expanding the number of funds that can pay capital outlay costs beyond the original general-fund streets allocation to include Central Park TIF, public lands and buildings, and a street fund originating in 2002.

The staff explanation said the exact amounts from each fund are still being determined and will depend on available TIF proceeds; Pat was asked to confirm available TIF dollars for infrastructure. Staff warned that reallocating capital outlay sources means other projects could be delayed or put on hold.

The amendment expanding allowable funding sources was added to the agenda shortly before the meeting. Staff emphasized the urgency: \"So that's why it was urgent to get additional funding sources for that,\" and said they had already discussed the matter with Noah and Ken to identify legitimate funding choices.

Committee members requested disclosure and explanation of the change before council action because the amendment reduces flexibility for other projects and because the change appeared on the agenda late. No formal council vote was recorded during the committee discussion; the amendment was described as on the agenda for the upcoming council consideration.","mediaType","Video","parentTitle","Norwood City Council Finance, Budget, Audit & Claims Committee Meeting","oneSentenceSummary","City staff told the Finance, Claims, Budget and Audit Committee that a prepayment of roughly $680,000 reduced the Montgomery Road line in the Financial Recovery Plan and prompted an amendment to add Central Park TIF, public lands and buildings, and a street fund as potential capital sources.","taxTitle","Norwood, Hamilton County, Ohio","taxId",71319,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":79,"_47":80,"_49":81,"_51":82,"_53":83,"_55":56,"_57":58,"_59":84,"_61":62,"_63":64,"_65":85,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6225798,"Norwood finance committee begins work on 2026 tax budget, aims for first reading June 10",0,344000,"/Search/View?dp=1&key=3532216-1f4f05ce4eb8c6b873f48b7bd64a23ba&start=344&end=344","https://assets.pipeline.soar.com/3532216-1f4f05ce4eb8c6b873f48b7bd64a23ba/thumbnail_344000.jpg","/articles/6225798/Norwood/Hamilton-County/Ohio/Norwood-finance-committee-begins-work-on-2026-tax-budget-aims-for-first-reading-June-10","https://secure.pipeline.soar.com/6225798-736aebc78c446be9a395002d85c76a7d/orig.mp4?Expires=1773746452&Signature=F-Ygho4I0nefmu7dKlf7x7jbz1BABgXiR1LL9Y7bc6ZjZsZDmRFm8TjBtG1UNK7LP8-bXSbGv6CbtvuwDWwkVur3deqdqoDKveGHHw-o6PXSHJ2rrki3CHJ9CsflqpBCZiOikrGGKVEDSUah-o-36oq88KKufg-1uXsMXirGBsJZRfHgM~qrN6gtwE8s-naFj60pD2UM9cIFz1RvK4W0CZ~xMN1i890JzPFEv1ReAUzzrd4dRAXxWC9C5T70nLWZdE-rgqQy58t1lr3j-66Nyn0o~PPWB4wFGuDl4TFrRhT5doBtT2zg-bu50U9b6~CWpRGbOgCNoQy3wvXmbkS68Q__&Key-Pair-Id=KUT5TJCACFTXG","The Norwood Finance, Claims, Budget and Audit Committee on Tuesday began drafting the 2026 tax budget, with staff circulating a working spreadsheet that uses the Financial Recovery Plan as its initial revenue and expenditure source and the committee setting a tentative goal of a first reading at the June 10 council meeting.

On Saturday, Mary, a staff member, \"sent everybody, the current version of the tax budget,\" and said she had uploaded the FRP and started populating the spreadsheet: \"I uploaded the FRP, and I started copying and pasting in all the applicable tabs.\" Mary told the committee some revenue categories still need breakdowns and that Excel formulas linking multiple tabs are causing extra review work.

The committee discussed process and timing. Members noted the tax-budget instruction sheet requires public notice of the draft about 10 days before passage, which would put an approximate public-notice date in late June if the committee pursues a June 10 first reading. Committee members agreed staff should proceed by transposing existing FRP numbers into the required exhibits for the county submission and then refine revenue estimates as new data arrives.

Committee members and staff described how the spreadsheet is organized: exhibits in the PDF submission align with labeled tabs in the workbook, and color coding distinguishes material that will be printed and submitted to the county from internal input sheets that flow into the printed exhibits. Mary said she focused first on expenditures because those tabs and formulas were easier to trace, while revenues remain a work in progress because the FRP provides totals without full category breakdowns.

Brett Schwartz, a member of the Financial Recovery Plan Planning Commission, joined early-stage conversations to help align the FRP figures with the tax-budget format. Committee members said involving the FRP commission earlier helps avoid surprises when the FRP becomes the basis for the tax budget the commission will later receive.

The committee scheduled tentative follow-up meetings to refine revenues and finalize exhibits, including a possible finance-committee meeting before the June 10 council meeting and an additional draft review before the council's second June meeting. Staff said they will circulate updated drafts as they work with departments and will present near-final versions to the committee rather than incremental drafts to avoid micromanaging the technical work.

The committee emphasized accuracy over speed: members asked for third-party review of formulas and invited other eyes on the spreadsheet as staff populate tabs, to reduce the risk of misplaced formulas or misallocated revenue categories.

Next steps: staff will continue populating the workbook with FRP totals, work with department leads to allocate revenues into the required categories, and circulate a near-final draft for committee review ahead of the public-notice deadline.","The Norwood Finance, Claims, Budget and Audit Committee began drafting the 2026 tax budget, using figures from the city's Financial Recovery Plan (FRP). Staff circulated a working spreadsheet, identified data and formula gaps, and set a tentative schedule to reach a first reading by June 10.",{"_33":87,"_35":36,"_37":38,"_39":88,"_41":89,"_43":90,"_45":91,"_47":92,"_49":93,"_51":94,"_53":95,"_55":56,"_57":58,"_59":96,"_61":62,"_63":64,"_65":97,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6225790,"Treasurer reports higher-than-expected income-tax receipts; bank reconciliations and staffing noted",719,1779000,2498000,"/Search/View?dp=1&key=3532216-1f4f05ce4eb8c6b873f48b7bd64a23ba&start=1779&end=2498","https://assets.pipeline.soar.com/3532216-1f4f05ce4eb8c6b873f48b7bd64a23ba/thumbnail_1779000.jpg","/articles/6225790/Norwood/Hamilton-County/Ohio/Treasurer-reports-higher-than-expected-income-tax-receipts-bank-reconciliations-and-staffing-noted","https://secure.pipeline.soar.com/6225790-56fe37fa84c1b31d8f99c7e92484bbf9/orig.mp4?Expires=1773746452&Signature=FlQf0n14-QbsYt7i4hj9R-w1AuoHTCkK92URSbNszAwTOy0P3K6mzSZ~5s-~cDYvoVz~2DXjTrChwHwOfOrcCP3QHPhcgWewQSfrUAyvrrUIAvy93BpZFBPQFEOfU-MovLFiTQbqr2gGYhmS308iaiI4p6gGq-55xgMMM~L26D2oTMMj~MBqyjbMrCfUWU6TtpG1al2caC7UPirJpZQNNSF2DjZm9mLT9Wbp-tf7skrSuPIDbiTMH-jDHnuNfOat2Yk~pBhuH2-Fru~Zq11U3JvXQkx6CXKzMA1OQnmUKTXn-B9yLXddZPAY9CuNe3Sdq9dwscrKzLDvuLrAP8hUcw__&Key-Pair-Id=KUT5TJCACFTXG","Treasurer Wagers told the Finance, Claims, Budget and Audit Committee that year-to-date income-tax receipts are above last year's estimates and that May collections helped offset a processing slowdown in April. The treasurer said the largest driver of the increase is net-profit tax receipts, which rose substantially compared with the same period last year.

\"So just to put it in super plain talk, we have more income than we, anticipated,\" Wagers said. He provided the committee with a current income-tax receipt summary and said staff expect the overage to persist through the year, though they remain conservative in long-term projections because net-profit collections can be unpredictable.

Wagers said the tax office is short two tax clerks and is recruiting; that staffing shortage caused some delay in preparing estimate notices and required staff reallocations that temporarily delayed bank reconciliations. \"March is pretty much done. April, they're working on,\" he said about the reconciliations, and staff told the committee they expect to present catch-up reconciliations in June or July once resources are available.

Separately, Yeager flagged 11 missed filings for quarterly payments to Ohio Jobs and Family Services related to unemployment wage reporting. Staff said the state may follow up by interviewing staff to determine why filings were late and whether recovery actions are warranted; responsibility and any recovery would be determined through the state's review process.

Wagers said the treasurer's office increased conservative revenue estimates used in the FRP and that the jump in year-to-date receipts is concentrated in net-profit tax, which rose markedly from roughly $1.34 million last May to about $2.5 million so far this year. He cautioned that net-profit tax is volatile and can swing year to year.

Next steps: the treasurer's office will continue recruiting to fill two tax-clerk vacancies, resume bank reconciliations and report progress to the committee; the state's review of missed quarterly filings will proceed through its legal process to determine any findings or recoveries.","Treasurer Wagers reported income-tax receipts trending above estimates year to date, driven largely by net-profit tax gains, while the tax department is short two clerks and bank reconciliations for March and April remain incomplete. Staff also reported 11 missed quarterly wage filings to Ohio Jobs and Family Services are under review.","actionData","errors"]

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Council to consider expanding funding sources after Montgomery Road prepayment reduces FRP line item

Norwood finance committee begins work on 2026 tax budget, aims for first reading June 10

Treasurer reports higher-than-expected income-tax receipts; bank reconciliations and staffing noted