City of Twinsburg Finance Committee - August 25, 2026

The City of Twinsburg Finance Committee met on August 25, 2026, to review various financial matters including property tax assessments and the recent state audit. The committee discussed the 2026 property reappraisal and how property tax revenues are allocated, noting that 100% of the city's property tax revenue supports police and fire pension and capital funds. They also reviewed the results of a state audit, which included management comments on internal controls and classification of capital assets. The city is in the process of soliciting proposals for a new auditing firm to serve a five-year term, with contract approval expected by year-end. No specific contract awards or procurement decisions were made during this meeting, but the audit RFP and future contract approval were noted as upcoming procurement activities.