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County finance director projects modest 2025 revenue growth, warns of deficits by 2028
Summary
Phil Montgomery told Summit County Council that general fund revenue is forecast to end 2025 slightly higher than 2024, but investment earnings and conveyance fees pose risks that could produce deficits in 2028–29.
Phil Montgomery, director of the ExecutiveDepartment of Finance and Budget, told the Summit County Council that the county's general fund is forecast to finish 2025 modestly above 2024 but that risks could push the county into deficit in 2028 and 2029. "So this is where we stand with the general fund through 06/30/2025," Montgomery said during the council meeting. The forecast shows property tax revenue projected 5.7% above last year and a December-year projection of $172.9 million in general fund revenue, a 1.5% increase over 2024. Montgomery said that, with advances removed, the more comparable figure is $171.6 million, or a 3.6% gain. "I'm showing professional services up 5% as well as appointed…
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