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Committee approves 2026 tax budget revenue-estimate update with emergency clause to allow July filing
Summary
The finance committee approved the 2026 tax budget revenue-estimate update and included an emergency clause so staff can incorporate June income-tax receipts before submitting the estimate to the county in July.
The Medina City Council Finance Committee approved the 2026 tax budget revenue-estimate update and added an emergency clause so staff can incorporate June income-tax receipts before the city submits the estimate to the county in July.
Keith (staff member) told the committee he updates the revenue estimate as data becomes available and planned to wait for June income-tax receipts before finalizing the submission to the county. Because the deadline to submit to the county is in July and the next council meeting would fall too close to that deadline, staff requested an emergency clause; the committee approved the motion.
Committee President (name not specified) called the motion and the committee voted to approve the revenue-estimate update with the emergency clause. Staff indicated they will finalize the revenue numbers after June receipts are posted and then submit the tax budget to the county as required.
