Laserfiche WebLink
Council President Brossard: <br />Thank you. Director of Finance Copfer, do you have a report this evening? <br />Finance <br />Finance Director Copfer: <br />Yes, I do have a report, Mr. President. <br />• The Finance Department has been advocating for the City to create a citywide disaster <br />recovery plan. In the State Biannual Budget Bill, House Bill 96, the State of Ohio has <br />required all cities and counties to adopt a cybersecurity program by January 1st of 2026, <br />which is part of a disaster recovery plan. This sets the high-level framework for the <br />details of documenting our plan for cybersecurity, which will then aid in completion of <br />the full disaster recovery plan. This program is to follow generally accepted best <br />practices for cybersecurity, such as from organizations such as NIST, which is designed <br />by IT security professionals. It includes, but is not limited to, identify risks, potential <br />impact, mechanisms that detect threat, process to resolve issues, training requirements <br />for employees, and requirements to give notice to the Ohio Department of Homeland <br />Security and the Ohio Auditor State, along with, of course, our City Council, for any <br />cyberware or security or ransomware incident. The City Administration, led by Eric <br />Lundberg, our IT Administrator, is working through a process to have a documented <br />cybersecurity program in place by January 1st of 2026. And note, the City has moved <br />forward on putting the mechanisms and safeguards in place, some of which have been <br />expensive. However, this will document the work that has been done. Also of interest is <br />that the actual documented plan is exempt from public records requirements, as it <br />would give cybercriminals too much information to be able to then attack our system. <br />• I've been reading with interest also on the property tax working group the Governor has <br />created in early summer, and they were discussing a limited tax payment deferral <br />program, that would allow homeowners 65 and older who have owned their home for <br />10 years could delay paying their taxes until they die or sell their property. There are <br />income restrictions, and no interest would accrue on the deferred payments. I know <br />that the mortgage industry has expressed concern over what would be first lien on the <br />property, the taxes or the mortgage, and there's also issues when reverse mortgages are <br />involved on the property. <br />• There are also several other proposals that are being discussed, such as eliminating the <br />10% non -business tax credit, and devote some of that savings to increasing the 2.5 <br />owner -occupied credit, which that would take the 10% of the taxes that the state pays <br />on our behalf, would then revert to the citizens and the taxpayers paying them. Allowing <br />local governments to create residential stability zones for income and asset testing. <br />Homeowners that are 60 and older with a tax break as home values increase, and then <br />also capping school district floor revenue growth to inflation by crediting property <br />owners and recalculating that every three years, rather than every six years. There's not <br />a consensus on this yet, but there are still concerns, if this is enough help or not enough <br />to offset the increases that residents have seen in this past year in 2024, and Mr. <br />President, that concludes my report. <br />09 16 25 Council Mooting Minutes Page3 <br />