During the recent Shaker Heights City Council meeting on September 29, 2025, key financial resolutions were discussed that will impact the city's fiscal management for the upcoming year. The meeting, led by Finance Director Potts, focused on two significant items: participation in the county's tax advance program and the acceptance of property tax rates set by the county budget commission.

The first resolution proposed requests the Cuyahoga County fiscal officer to facilitate the advance of 2025 real property taxes to Shaker Heights. This program allows the city to receive multiple disbursements throughout the year, enhancing cash flow and supporting departmental responsibilities. Director Potts emphasized the importance of this program, noting its successful implementation over the years. The finance committee unanimously approved the resolution, which is now set to be adopted by the council as an emergency measure to meet the September 30 deadline for submission to the county.

In addition to the tax advance program, the council also addressed the acceptance of property tax rates for 2025, which have been set at 9.9 mills. This rate has remained unchanged since 1993, and state law mandates that the city adopt it before taxes can be levied. Director Potts provided an update on the city’s financial status, indicating that Shaker Heights has received $10 million to date, with an additional $600,000 expected soon, which would exceed the budgeted amount for the year.

The meeting also included recognition of the finance department's achievements, particularly the receipt of the Ohio Auditor of State Award with Distinction for its annual comprehensive financial report. This accolade highlights the department's consistent excellence and dedication to financial transparency.

As the council moved to approve both resolutions, the discussions underscored the city's proactive approach to financial management and its commitment to maintaining fiscal stability. The successful passage of these resolutions will ensure that Shaker Heights can effectively manage its finances in the coming year, continuing its tradition of sound fiscal practices.