City budget approved

March 18, 2014

Council approved a $582 million budget for Akron in 2014. The budget reflects rising income tax revenues of 5 percent last year and a projected 2.5 percent this year, offset by state reductions of $6 million in local government funds and $4 million in estate tax collections. Council also approved the sale of bonds totaling $55 million to pay ongoing construction costs on Akron’s Community Learning Centers. This was the third of four bond sales planned to fund the rebuilding of Akron’s school system. 

March 17, 2014 from Akron City Council on Vimeo.