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Budget committee certifies Akron’s 10.5‑mill inside levy and authorizes county tax‑advance request
Summary
The Budget & Finance Committee approved certification of Akron’s inside levy at the charter limit of 10.5 mills (estimated $40–41 million annually) and passed a resolution asking Summit County to make advance tax payments to the city; committee suspended rules to move both to full council.
The Budget & Finance Committee voted to certify Akron’s annual inside tax levy at the charter limit of 10.5 mills and to request that the Summit County fiscal officer provide advance tax payments as the county collects property taxes.
Finance staff explained the certification is the routine annual step that communicates the levy rate—10.5 mills under the city charter—to the county fiscal officer for tax year 2025 (payments in 2026). Staff said the levy at the full charter rate is expected to produce approximately $40–$41 million annually. The committee also approved a companion resolution asking the county to advance collected funds to the city so the treasury receives earlier payments as the county remits collections in parts across the tax cycle.
Council procedure and questions: Committee members asked questions about how the 10.5 mills are allocated among functions (police and fire pension components and general fund allocations were discussed) and staff explained the current breakdown (general fund, EMS, bond retirement, police and fire pension components) has not been substantially adjusted in recent decades. Committee members voted to suspend the rules and forward both the certification ordinance and the advance payment resolution to full council.
