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Mayor outlines mid-year budget review, urges focus on long-term revenue and strategic investments
Summary
At a Finance Committee session, the mayor's office reviewed mid-year finances, flagged gaps in business coding for withholding data, and defended recent strategic capital investments while promising another committee-wide budget walkthrough before the formal hearing.
The Findlay City mayor's office presented a mid-year budget review to the Finance Committee, emphasizing the need to look beyond single-year highs and to treat recent revenue spikes as anomalies rather than the new norm. The presenter said the city has been assembling NAICS-based reports of its top 50 businesses to better understand withholding and business collections through 2025. "There is still a fair amount of our entities that do not have an attributed NAICS code," the presenter said, adding that staff are working to assign codes to over 56% of collections that lack attribution.
The administration framed recent large receipts tied to the Marathon Speedway sale as extraordinary and urged caution when comparing 2021–2023 figures to longer-term trends. The mayor's office also said it will invite all council members to a committee-of-the-whole walkthrough later this year to explain internal spreadsheets, Munis exports and the assumptions staff use to forecast year-end positions. "We're going to walk you through the budget and all of the things we look at," the presenter said, describing the session as a chance for council to ask targeted questions before the December hearing.
