AS OF 04/02/2018 
Excerpted from OBM's Fiscal Report

Population: 23,138

Map: Google Maps

Date Fiscal Emergency Declared: 02/13/2015

Brief Summary:

When Maple Heights was declared in fiscal emergency, it had debt payments that were thirty days past due, and deficit funds totaling almost $2.8 million. The City ended 2017 with a deficit of $875,000 (or 7.5% of revenue) a reduction of almost $1 million from the end of 2016.

Action Steps Taken:

• The city adhered to the financial recovery plan primarily by restraining expenditures, and has increased the property tax by 3.2 mills by eliminating uncollected, but voter approved, millage from a levy dating back to 1958.
• The city’s economic condition has stabilized through added businesses.
• The commission is monitoring revenue and expenditures to assure annual reduction of the deficit.

Outlook:

The City of Maple Heights has made very good progress in reducing the general fund deficit reducing it from almost 28% of revenue to 7.5% of revenue by the end of 2017. However, given recent actions to increase spending, it appears that the fiscal emergency conditions that currently exist will not be cleared for at least another year.

Resources:

• View state support for the City of Maple Heights:  Ohio's Interactive Budget - City of Maple Heights
• Ohio Auditor Links: City of Maple Heights Placed in Fiscal Emergency
• Additional Links: n/a