Cincinnati budget

Jay Hanselman

There was a larger turnout for Wednesday night's second public hearing on the proposed Cincinnati budget for the next fiscal year which starts July 1st.  

20 people addressed Council's Budget and Finance Committee during the session at the Oakley Community Center.  

Evanston Community Council President Anzora Adkins said she supports city funding for the Greater Cincinnati Port Authority.  She said it has done good work in her neighborhood.

Jay Hanselman

A small number of people showed up Wednesday night to speak about the proposed Cincinnati budget for the next fiscal year.  There were lots of empty chairs in the auditorium and only eight people offered testimony.

Some of them want continued funding for on road bicycle lanes.  The proposed budget could cut money for bike lane maintenance and eliminate dollars to build new ones.

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.

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.

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.

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.

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.  

Provided

Cincinnati Council officially balanced the budget Thursday for the next fiscal year that begins in a just a few weeks.  But once again the plan relies heavily on one-time sources and juggling other funds to close a $35 million deficit.  

There are no police and fire layoffs, but some 60 other city employees will be out of work.  

Residents can also expect some city services to be affected... plus two recreation centers will close and five city swimming pools will be shut down after this summer.  

Jay Hanselman

Right now eight of the nine Cincinnati Council Members are supporting a budget plan that prevents any layoffs in the police and fire departments.  The Budget and Finance Committee approved the budget motion Wednesday.  But those numbers may change some when final votes are taken Thursday.  

But about 60 other city workers will get pink slips in a few weeks and some services will be scaled back in order to close a $35 million general fund deficit.  

Michael Keating

A Cincinnati Council committee is expected to approve a budget plan Wednesday that now includes no layoffs for police officers and firefighters.  But about 60 other city employees will likely be out of work in a couple of weeks.  

Back in March the city manager proposed laying off 344 city workers including police officers and firefighters.

Right now there are three separate budget motions and the plan is to combine them in one large item for Wednesday vote.  

However the city's longer-term issue of spending more money than it takes in will continue.

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