AN ORDINANCE
WHEREAS, the City Manager has prepared the attached tax budget for the city of Oakwood, Ohio, for fiscal year beginning January 1, 2026, in conformance with the requirements of law and in accordance with Section 6.01 of Article VI of the Charter of the city of Oakwood, which tax budget sets forth all revenues expected to be received for such fiscal year; including but not limited to all general and special taxes, fees, costs, percentages, penalties, allowances and prerequisites; and
WHEREAS, based on preliminary estimates, 2026 operating expenditures are not expected to exceed the 2025 operating expenditure appropriations by more than 3%; and
WHEREAS, based on preliminary estimates, 2026 capital expenditures are not expected to exceed $7,113,750;
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF OAKWOOD, STATE OF OHIO, THAT:
SECTION 1.
The budget described in the above recital paragraph, shall be and is hereby adopted as the
official tax budget of the city of Oakwood, Ohio, for the fiscal year beginning January 1, 2026.
SECTION II.
That this ordinance be and remain in force from and after the earliest date allowed by law.
PASSED BY THE COUNCIL OF THE CITY OF OAKWOOD, this 5th day of May, 2025.
To the Clerk:
Please publish in summary form set forth below.
LEGAL NOTICE
Ordinance of the City of Oakwood was passed on , to adopt the 2026 Tax Budget.
CERTIFICATION OF PUBLICATION
I, Lori Stacel, Clerk of Council of the City of Oakwood, State of Ohio, do hereby certify that the foregoing summary of the foregoing Ordinance was duly published in the Oakwood Register, a newspaper of general circulation in said City of Oakwood, that said publication occurred on the following date: