File #: 202600894    Version: 1
Type: Ordinance Status: Passed Emergency
File created: 2/17/2026 In control: Cincinnati City Council
On agenda: 2/25/2026 Final action: 2/25/2026
ORD/RES# date: 2/25/2026 ORD/RES#: 0050-2026
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. (COUNCILMEMBER NOLAN EXCUSED FROM THIS ITEM)
Sponsors: Mayor
Attachments: 1. Transmittal, 2. Ordinance, 3. 50-2026

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. (COUNCILMEMBER NOLAN EXCUSED FROM THIS ITEM)

recommendation

PASS EMERGENCY