Cincinnati Mayor Mark Mallory last week introduced a $364 million budget for 2008 that would add about $4 million to the operating budget and $600,000 to the capital budget, as well as eliminate several fees and cuts proposed in the city manager’s original spending plan.

Mallory’s recommendations came after the City Council Finance Committee said revenue projections for 2008 increased by $3.5 million over what was expected earlier this month. Additional revenue will come from $534,000 that was saved from a new contract with the American Federation of State, County, and Municipal Employees union.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.