Cincinnati budget

Bill Rinehart / WVXU

Cincinnati Mayor John Cranley is supporting a mixed used development in Avondale.  It's part of a neighborhood development initiative first announced on Monday as part of the mayor's version of the budget. Cranley has already announced projects in College Hill, Westwood, and West Price Hill, and plans more announcements through the week.

Tana Weingartner / WVXU

Standing outside of Westwood Town Hall Monday, Cincinnati Mayor John Cranley emphasized the importance of investing in the city's neighborhoods. He announced the first of several changes to the city manager's proposed budget. Each is expected to focus on neighborhood economic development projects.

Tana Weingartner / WVXU

Cincinnati City Manager Harry Black laid out a $1.2 billion all-funds operating budget for the city for fiscal year 2017 Thursday that he says is structurally balanced – mainly because the city's revenue is expected to increase.

The full Cincinnati Council will likely vote Wednesday on a property sale and development agreement for Messer Construction to move its corporate headquarters to the West End.  

Right now it has an office on Tennessee Ave. in Bond Hill.  The new site is a former bread company building on Cutter Street.  

Cincinnati Council has decided the city should collect about $28.988 million in property tax revenue in 2017.  

City Council approved a tentative tax budget Wednesday asking for that amount of revenue.

Cincinnati Council is expected to take action Wednesday on the city’s 2017 property tax rate.  But what the group will approve is still being debated.  

Provided

Cincinnati Mayor John Cranley vetoed the Fiscal Year 2017 tax budget resolution Friday, which city council approved earlier this week by a 6-3 vote.

The proposal sets the city’s property tax rate for calendar year 2017.  

Cincinnati Council has finalized the city's property tax rate for 2017, but the measure could be subject to a mayoral veto.  

Council voted 6-3 for a 5.6 mill rate .  That will generate about $29.3 million or about $400,000 more than this year.  Voting yes:  Flynn, Mann, Seelbach, Simpson, Sittenfeld, and Young.  Voting no:  Murray, Smitherman and Winburn.  

Cincinnati's property tax rates for 2017 will remain the same as the rates for 2016.  

A council committee approved the issue Monday and a full Council vote will likely come Wednesday.  The property tax rate for general operating expenses will remain at 5.6 mills, and the rate for debt service is 6.5 mills.

City of Cincinnati

Cincinnati's city manager is predicting a nearly $14 million dollar budget deficit for the next fiscal year, which starts July 1st. 

Harry Black addressed the issue in a memo to Mayor John Cranley and city council members.

The city manager said the shortfall is due primarily to increases in public safety expenses and the repayment of the estate tax due to a previous collection error.  

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