Letter From the Finance Director
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The City of Cleveland's Finance Director presents the fiscal year 2026 Mayor's Budget Estimate, a balanced budget developed through collaborative planning across city divisions to transparently allocate resources to essential services. The budget prioritizes elevated investments in economic development, public safety, and technology, supported by strong 2025 performance that included a $21 million police station improvement lease-purchase agreement, $12 million in road resurfacing, new multi-year union agreements covering 85% of unions, and implementation of modern financial and permitting systems that improved efficiency. The fiscally responsible approach aims to promote job growth, affordable housing, and modernization while maintaining financial stability and limiting unnecessary borrowing.
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The City of Cleveland passed Ordinance No. 160-2024 on March 18, 2024, adopting the 2024 Budget Book under Mayor Justin M. Bibb's administration. The budget document, approved by the Committee on Finance, Diversity, Equity and Inclusion, serves as a comprehensive financial and operational plan covering fiscal year 2024. The City of Cleveland has received the Government Finance Officers Association's Distinguished Budget Presentation Award for 31 years total, including consecutive years from 2012 through 2023, recognizing the budget as an effective policy document, operations guide, financial plan, and communications device.
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