Cincinnati budget

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.  

The full Cincinnati City Council Wednesday endorsed a plan for allocating the city's $19 million budget surplus from the last fiscal year.  

About $12 million will go into the city's “rainy day” accounts, and the rest mostly goes to the police department for body cameras and other new technology.  

The full Cincinnati Council will likely vote Wednesday on the city manager's plan for the city's $19 million budget surplus from the last fiscal year.  The Budget and Finance Committee approved the proposal Monday. 

City of Cincinnati

The City of Cincinnati ended the fiscal year on June 30 with a nearly $19 million surplus.  Now City Manager Harry Black is presenting his recommendations on what to do with the extra money.

Cincinnati Council will likely vote Wednesday to put additional money into the city's rainy day accounts.  Those are used for emergencies or unexpected expenses during any budget year.  

Jay Hanselman / WVXU

Cincinnati administrators will now begin the process of implementing the city's new two-year budget.  

City council approved both the operating and capital budgets unanimously Wednesday after weeks of public hearings and debate.  

Cincinnati's city manager said if Council fails to pass both an operating budget and capital budget by June 30th, it would "constitute a genuine emergency."

Harry Black told the Mayor and Council Tuesday, in a memo, that could force the city solicitor to go to court and get an order directing council to approve a spending plan.  

Cincinnati Council must pass both an operating budget and a capital budget by July 1st to comply with state law.  

It appears five members are ready to vote in favor of the operating plan, but right now, without changes, five members will likely vote against the capital budget.  

City of Cincinnati

Cincinnati Mayor John Cranley said Friday work continues on making changes to the city manager's proposed two-year budget.  

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