File #: 202600894    Version: 1
Type: Ordinance Status: Agenda Ready
File created: 2/17/2026 In control: Cincinnati City Council
On agenda: 2/23/2026 Final action:
ORD/RES# date: ORD/RES#:
Title: ORDINANCE (EMERGENCY), submitted by Mayor Aftab Pureval, from Emily Smart Woerner, City Solicitor, AUTHORIZING the transfer and return to source of $50,000,000 from General Fund balance sheet reserve account no. 050x3421, "Income Tax Reserve for Refunds," to the unappropriated surplus of General Fund 050; and AUTHORIZING the transfer and appropriation of $50,000,000 from the unappropriated surplus of General Fund 050 to City Manager's Office fringe benefit operating budget account no. 050x101x7500 to provide resources for a one-time payment, upon receipt of appropriate court orders, to the Cincinnati Retirement System to reduce the City's unfunded pension liability.
Sponsors: Mayor
Attachments: 1. Transmittal, 2. Ordinance
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ORDINANCE (EMERGENCY), submitted by Mayor Aftab Pureval, from Emily Smart Woerner, City Solicitor, AUTHORIZING the transfer and return to source of $50,000,000 from General Fund balance sheet reserve account no. 050x3421, “Income Tax Reserve for Refunds,” to the unappropriated surplus of General Fund 050; and AUTHORIZING the transfer and appropriation of $50,000,000 from the unappropriated surplus of General Fund 050 to City Manager’s Office fringe benefit operating budget account no. 050x101x7500 to provide resources for a one-time payment, upon receipt of appropriate court orders, to the Cincinnati Retirement System to reduce the City’s unfunded pension liability.