200 South Hamilton, Gahanna, OH 43230 | (614) 342-4060
Hours of Operation: 8:00 AM - 5:00 PM M-F
The Finance department oversees all of the city's financial operations, which include the municipal income tax, city budget, annual appropriations, accounts payable, debt and investment management and payroll.
The City of Gahanna is a conservative, well-run city with the City Council and Administration mindful of all financial decisions. This is demonstrated by the Moody's Bond Rating of Aa1 and the City having one of the lowest real estate tax millage of 2.4 mills and an income tax rate of 1 1/2%.
Finance Department News
Citizen input and the City’s strategic planning process played a key role in its decision to extend pool operations for one more year.
During the December 15 Council meeting, the City’s 2015 budget was unanimously passed by Gahanna City Council. The 2015 budget will fund pool operations for Hunters Ridge Pool and Gahanna Swimming Pool through the City’s use of excess General Fund balance. Excess General Fund balance is similar to a personal savings account and is not designated for specific use. Similar to 2014, the Department of Parks & Recreation plans to contract concessions operations, water quality maintenance and lifeguards. The department will manage the front desk staff and seasonal opening and closing in 2015.
The City of Gahanna has released its first Comprehensive Annual Financial Report (CAFR) for 2013. Click here to view a copy of the full report.
The City of Gahanna is committed to keeping communication lines open with residents. In our continuing efforts to provide timely and factual information, we have created this guide to help you understand how the City’s finances are structured.
The City of Gahanna has refinanced bonds from 2005, the total cash savings throughout the life of the bonds will be $1.06 million. From 2014 to 2030, the City will see an average annual cash savings of $58,000 to $62,000.
The City of Gahanna was notified by Moody's Investor Services, Inc. that the City's Aa1 bond rating has been reaffirmed. Aa1 is the second highest credit rating issued by Moody's.