0 FY 2025 APPROVED ALL FUNDS BUDGET UPDATE BUDGET IN BRIEF
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The City of Cincinnati's FY 2025 Approved Budget reflects a strengthening financial position, with the budget structurally balanced for ongoing operating expenses without relying on American Rescue Plan resources for the first time since the pandemic. Key investments include three police recruit classes, two fire recruit classes, $5.365 million in leveraged support funding across 42 organizations, and improvements to code enforcement and the Building Inspector Training Academy. The capital budget highlights include the launch of the Cincy on Track initiative for transparency on Cincinnati Southern Railway proceeds and $13 million allocated for street rehabilitation, though the document notes that revenue growth still lags expenditure projections for FY 2026-2029, requiring future attention to structural imbalances.
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Cincinnati's FY 2026 Approved Budget addresses a projected $10.2 million General Fund operating deficit through Performance Based Budgeting, traditional cost reductions, and revenue growth strategies, while maintaining structural balance. Key operating investments include two police recruit classes, a fire recruit class, expanded youth programming, and $750,000 for pavement maintenance, alongside capital investments including $56.0 million in first-year proceeds from the Cincinnati Southern Railway Infrastructure Trust with a minimum 51.9% allocated to lower-income neighborhoods. This represents the first fiscal year utilizing Cincinnati Southern Railway disbursements, implementing Performance Based Budgeting, and operating without American Rescue Plan resources.
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