Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Council approves routine tax-advance resolutions for general, police and fire funds
Summary
Council approved three routine resolutions (R-34-26, R-35-26, R-36-26) requesting Trumbull County advance tax settlement amounts to the city’s general, police/lease and fire levy funds; the measures were presented by the finance director and carried on roll calls.
The council approved a set of routine financing resolutions submitted by the finance director requesting that the Trumbull County auditor advance portions of the August real-estate tax settlement to the city. R-34-26 requested $100,000 for the general fund; R-35-26 requested $200,000 for the police levy/lease fund; and R-36-26 requested $200,000 for the fire levy fund. Each resolution was described as a standard annual action tied to tax settlement timing and was moved, seconded and approved on roll call.
Councilors did not record substantive debate over the recommendations; staff said these advances are common practice to manage cash flow pending the full August settlement.
