Cincinnati budget

Cincinnati budget
10:56 am
Mon April 14, 2014

Cincinnati budgets presentations starting sooner rather than later

Cincinnati budget officials are working to put together the city's spending plan for the next fiscal year.  Department heads will likely begin making presentations to Council about their budgets in two weeks.  

Budget and Finance Committee Chairman Charlie Winburn had suggested those half hour presentations start at the end of May.  But council members wanted more time for the process so the schedule was changed.

Council member Kevin Flynn asked for the additional time.  He said the previous schedule was not aggressive enough.

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Cincinnati budget
4:08 pm
Mon January 6, 2014

Cincinnati property tax revenues to stay steady in 2015

Jay Hanselman

Cincinnati residents should soon be receiving their property tax bills, and already city council is working to set the rate for 2015.  

The city still wants to collect about $29 million in revenue from property taxes for operating expenses, and so the actual tax rate will decrease slightly from this year.  

Vice Mayor David Mann tried to increase operating revenue by a half-million dollars, but his plan was rejected.  He said it is about what resident expect.

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Cincinnati budget
7:51 am
Wed December 18, 2013

Cincinnati projected deficit for FY2015 is $16 million

City of Cincinnati

Cincinnati officials are showing a nearly $16 million General Fund deficit for the next budget year starting July 1st.

The information is contained in a tentative tax budget city council's Budget and Finance Committee will consider during a public hearing on January 6th.  The document must be provided to the Hamilton County Auditor by January 20th.  That office will use it to set the property tax millage rate for 2015 based on estimated property valuation.

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Cincinnati budget
12:01 pm
Tue July 30, 2013

Cincy Council majority ready to restore some budget cuts

Six Cincinnati Council Members announcing plans to make about $4 million in budget restorations during a City Hall press conference.
Jay Hanselman

Six Cincinnati Council Members are ready to restore about $4 million to the recently approved city budget after better than anticipated revenue collections for May and June.  

The funds will be used for things like recreation, parks, human services and the health department.  Council Member Laure Quinlivan said there's added money for parks too, which was a popular topic during public hearings in May.

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Cincinnati budget
1:47 pm
Tue July 16, 2013

Cincinnati's bond rating downgraded

Cincinnati City Hall
Jay Hanselman

Moody's Investors Service is downgrading Cincinnati's bond rating because of a new method for analyzing pension obligations.  

The city's general obligations bonds are now rated Aa2 instead of the previous Aa1.  Moody's also revised the city's outlook to negative.  

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