Eric Ferry has been the Fiscal Officer for
Miami Township since 1992. Eric and his wife Mary have been
Township residents since 1972, the year after their marriage.
They have a grown daughter, Jennifer, and one granddaughter,
Malia, who is a senior at Milford High School, and who also
reside in Miami Township. The Ferry’s attend Milford Christian
Eric has a wide range of leadership
experience in both the private and public sectors. He began his
career in the private sector over 40 years ago as a cost
accountant, later working his way up to Chief Financial Officer
of a manufacturing company in the Fairfield area.
Eric holds a BS/BA degree in Accounting and
an MBA in Business Administration from Xavier University.
A primary goal as Fiscal Officer is to
maintain strong reserves. Strong reserves are necessary for the
They provide a conservative hedge against any
economic down turns.
Strong reserves insure there are adequate funds to cover
Principal and Interest Payments in future years.
They provide for future Capital Improvement needs without
tax hikes. (Reserves facilitate a pay as you go
The General Fund needs to maintain particularly strong
reserves since it Backstops all other Funds.
Eric is very proud of his accomplishments
as Fiscal Officer. With the loss of revenue from reductions in
the Local Government Fund, the elimination of the Estate Tax,
and lower property values, expenses were reduced in order for
the Township to remain Fiscally Strong. This task
required cooperation from all departments, and he has received
that from everyone.
Eric believes small, local government is
the most cost effective and efficient form of government
existing today. Townships are not allowed to impose earnings
taxes on residents and, therefore, must depend on property taxes
and bond levies for the majority of their revenue. Citizens
make the choices on the services they want by voting, which gets
us back to a “grassroots” form of government.