Cash Register

Maple Heights Fiscal Recovery Plan

Maple Height City Council passed the Financial Recovery Plan 4-3 on July 28, 2014.  It was submitted to the State Auditor’s office on August 4th – 4 days before the August 8th deadline.  Now the State Auditors Office has 30 days to review the plan.

The Plan is composed of 3 parts: the first part outlines the budgeting process and practices, the second sets forth actions that will balance the budget (by generating revenue or reducing expenditures) and the third portion is Statements of Revenues and Expenses for each of the 8 funds with deficits. These forecasts show actual amounts from 2011-2013 and forecasts for 2014-2018.

Fiscal Recovery Plan Items Dependent on Voter Approval at the November 4, 2014 General Election

The following parts of the fiscal recovery plan will be decided by voters in November:

  • 2 Property tax levies totaling 6 mills (4.7 mills  for general operating expenses of the city 1.3 mills for general operating expenses of the Senior Center) to generate roughly $1.5 million annually once fully collected. These levies must be passed by voters in November to take effect.
  • Speed Cameras estimated to generate $1.1 million in 2014, $3.2 in 2015, $2.3 in 2016, $1.5 in 2017 and 2018. These cameras are also expected to be on the November ballot for citizen approval due to a petition.
  • Reduce City Council by 2 seats and redistrict the City (estimated savings: $28,000).
  • Eliminate the elected position of City Council President; the President would be elected from the other members of Council (estimated savings: $17,000).

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