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)

Committee

Cincinnati City Council

Requested by

Budget, Finance & Governance Committee

Introduced

February 17, 2026

On agenda

February 25, 2026

Passed

February 25, 2026

Enacted

February 25, 2026

Enactment no.

0050-2026

Where it was heard

Cincinnati City Council Feb 25, 2026 Passed Emergency Pass Cincinnati City Council Feb 25, 2026 Emergency clause to remain Pass Cincinnati City Council Feb 25, 2026 Suspension of the three readings Pass Budget, Finance & Governance Committee Feb 23, 2026 Recommend Passage Emergency Cincinnati City Council Feb 19, 2026 Referred to Budget, Finance & Governance Committee

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