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Rainy Day Fund

Tuesday, February 26, 2013

Does Avon Lake Need Another Tax Increase?: Letter

Former Avon Lake mayor says plenty of money in rainy day fund.

Editor's note: The following commentary was submitted by K.C. Zuber, the mayor of Avon Lake from 2008-20012. To the Editor: In 2012 the Mayor, councilpersons and even a former councilman predicted fiscal disaster for Avon Lake if the citizens did not pass a tax increase. Numerous city programs would end. Branch pickup would end, amongst others, if we did not increase taxes. Did you know the City of Avon Lake in 2012 received an increase of $900,000 over what was budgeted in income tax? Just under $10 million, only a few dollars short of the annual income tax record set in 2007. The City of Avon Lake also received a windfall of over $300,000 by making you pay more for trash pickup. The city received over $1.2 million dollars more than …

Monday, October 29, 2012

Former Mayor: Financial Calamity? Maybe not

Former mayor doesn't believe city is on verge of "financial calamity."

Editor's note: KC Zuber is the former mayor of Avon Lake. To the Editor: It seems not a week goes by and there is another article about the City of Avon Lake and its financial woes. This is a little perplexing to me when the Avon Lake City Council in 2011 and 2010 raided the “rainy day fund,” a combination of the unencumbered cash reserves of the general fund and income tax transfer fund.  Avon Lake City Council took from the “rainy day fund” over $850,000 in 2011 and $500,000 in 2010 to pave roads.  City Council did this over the objection of the mayor at that time and knowing the State of Ohio would be making tremendous cuts in local government funding. Even with these excessive expenditures, the City of Avon Lake ended 2011 with $5.8 …

Randy Watson

10:42 pm on Tuesday, October 30, 2012

Sounds like it might be time for some spelling classes. "Their's" always time for improvement.   more ›

Wednesday, March 21, 2012

Kasich: Rainy Day Fund Went from Less than $1 to Millions, Ohio's Budget Balanced

Gov. John Kasich was the speaker at the Stow-Munroe Falls Chamber of Commerce meeting and he talked about the growth and accomplishments of the state since he's been in office.

More posts from the Stow-Munroe Falls Chamber of Commerce luncheon March 20 at Silver Lake Country Club:

kayjuan

9:06 pm on Wednesday, March 21, 2012

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