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Cuyahoga County reports $92.4 million 2024 general‑fund shortfall; reserves stay above requirement
Summary
County budget staff told council the general fund closed 2024 with a $92.4 million operating deficit (narrowing to $26.9 million excluding ARPA), while county cash balances remain above the statutory reserve; officials also reported bond issuances, refunds and year‑end appropriation reductions.
Cuyahoga County budget staff told the County Council that the general fund closed 2024 with an operating deficit of $92.4 million, though the county remains in compliance with cash‑reserve requirements.
"The general fund closed 2024 with an operating deficit of $92,400,000," said Walter Parfiaowitz, Director, Office of Budget Management, during the council presentation on the 2024 results of operations. Excluding $65.5 million in American Rescue Plan Act (ARPA) expenditures, Parfiaowitz said, the deficit narrowed to $26.9 million.
Why it matters: The scale of the gap and the use of one‑time federal ARPA dollars affect decisions about the 2025 budget and any near‑term borrowing. Parfiaowitz told…
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