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Richmond Heights council holds first reading of ordinance to transfer FY2026 funds after revenue estimates revised
Summary
Mayor Thomas introduced Ordinance 122026 on first reading, saying two funds were overestimated and required transfers to restore fiscally acceptable balances; no vote on final adoption occurred at this meeting.
Mayor Thomas introduced Ordinance 122026 on first reading, saying the legislation would make a transfer in fiscal year 2026 to correct overestimated revenue in two city funds. "So this piece of legislation is for the first transfer of our fiscal year 2026," Mayor Thomas said, adding that the transfer responds to estimated resources reported earlier in the year.
The ordinance was…
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