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County treasurer reports revenue cooling after pandemic rebound; fund balances used to smooth operations
Summit County Council · June 28, 2023
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Summary
Summit County finance staff told the council that sales, lodging and permitting revenues that spiked in 2021–2022 are moderating in 2023; staff reported using prior fund balances to smooth operations, flagged possible end‑of‑year amendments, and said the 2022 audit is nearly complete.
County finance staff presented the quarterly financial update, showing that several locally important revenue streams—local option sales tax, recorder fees and building permit activity—have slowed following large rebounds in 2021–2022. The department said…
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