Press Release
The 2020 Annual Report
Apr 14, 2021 - Akron
2020 was a challenging year all around - a pandemic, a storm causing an emergency bridge replacement, bad soils, slow deliveries, and decreasing revenue. Despite the challenges, we got a lot done.
Our primary sources of revenue are license taxes and gasoline taxes. In 2020, tax revenue was approximately $18.7 million, a 1% decrease from the previous year. In 2020, due to uncertainty about COVID-19 impacts on revenue, capital expenses were approximately $5.6 million, a decrease of $2.9 million from the previous year. The gas tax collection increased by 23% but it was not enough to offset the sharp decrease in license tax revenues. We are hopeful that the license tax revenue will rebound in 2021 as the state reopens fully and we can once again invest more heavily in our capital program.
The COVID-19 pandemic resulted in a pause to some of our capital projects, dramatically reduced the license tax collection amounts, and required near constant changes in personnel policy, from instituting work-from-home to procuring and mandating PPE. SCE employees stepped up to the challenge, either by diligently completing their work from home or by road workers following new safety protocols while still filling potholes and repairing bridges for Summit County motorists.
Please see the 2020 Annual Report below.
- 2020 Annual Report (PDF, 10743.6k)