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A report from the Futures Commission report recommends ways to stabilize the city budget, including raising the earnings tax.
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For the first time in a few years, ARPA money was not needed to fill a budget deficit, thanks to revenue from property and income taxes coming in higher than expected.
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The budget motion passed 5-4. It removes a total $4,015,000 from the recommended budget for reallocation to several other uses.
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City Council will hear feedback on the recommended budget during a public hearing Monday, June 3.
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The first investment revenue from the $1.6 billion sale of the Cincinnati Southern Railway won't be available until next year, but the city has a detailed plan for spending $29 million this year.
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The goal is to grow the principal of the $1.6 billion over time, while still sending at least $26 million a year to the city to spend on maintaining current infrastructure like streets, parks, and recreation centers.
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The mayor of Cincinnati says the city faces tough decisions to reach fiscal stability.
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The mayor established a Futures Commission of local business and labor leaders to do a comprehensive analysis of the city's financial position and recommend changes.
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Voters approved the sale of the Cincinnati Southern Railway to Norfolk Southern for $1.6 billion. That revenue will now be invested, but not in gun manufacturing.
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City Council must pass a final budget by the end of June.