202602831

ORDINANCE, submitted by Councilmember Walsh, from Emily Smart Woerner, City Solicitor, ESTABLISHING a Council policy relating to expenditure of payments in lieu of taxes received by the City of Cincinnati from tax increment financing districts established pursuant to Section 5709.40 ( C ) of the Ohio Revised Code (the “TIF Districts”), relating to all payments in lieu of taxes currently in City of Cincinnati accounts and any future amounts received by the City of Cincinnati for TIF Districts 1 and 5-36, each after existing obligations are met and paid from the TIF Districts, with fifty percent of such net revenues being set aside for expenditures in alignment with the eligible uses of the Neighborhood Development Fund and/or the Affordable Housing Trust Fund, and the other fifty percent of such net revenues being set aside for eligible uses proposed in collaboration with community-based organizations; and REPEALING Ordinance Nos. 206-2020 and 301-2020 and any other policies relating to the expenditure of TIF District revenues, including without limitation, those policies adopted by the Administration in response to prior Council requests or actions, with the intent being that the policy adopted pursuant to this ordinance will exclusively control the use of TIF District revenues by the City of Cincinnati.

Ordinance Agenda Ready Introduced October 2, 2026

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