Report predicts deficits in coming years for City of Cincinnati

Mar 31, 2015

A study by UC's Economics Center is forecasting higher revenues for the City of Cincinnati. However, it also expects expenditures will increase as well, and at a faster rate.

The report expects revenues will climb to $400.2 million by the year 2020. Expenditures are predicted to reach $429.3 million that same year.

Council member Kevin Flynn reacted to the predictions by alluding to upcoming budget discussions.

"We have to be getting our pencils sharpened as we approach the budget season," he says.

The Economics Center says healthcare related costs are expected to account for the majority of expenditure increases.

Council member Yvette Simpson wants to see further analysis in future reports.

"This report doesn't provide recommendations," she laments. "I think that's just a limitation of the report. That's not within the subject line. If you've got smart economists, the best thing you can do for us is to take the information you have and then make recommendations about how we improve."

Council must approve the 2016 fiscal year budget by the end of June.

Credit UC Economics Center

Credit UC Economics Center