FDBO20260826: Finance Debt & Budget Oversight Committee Meeting - August 26, 2026

Description

Finance Debt & Budget Oversight Committee Meeting - August 26, 2026

Summary

Toledo’s July 2026 financial reports document how the City is using federal ARPA/Toledo Recovery Plan funds and other public revenues. Of $185.1 million approved for recovery projects, $179.0 million (96.7%) had been spent, supporting neighborhood safety, youth programs, economic development, housing, city services and essential-worker pay; $6.1 million remained. Capital Improvement Fund projects totaled $183.7 million, with $16.6 million spent and $133.1 million uncommitted. General Fund revenue reached $187.4 million, while expenditures totaled $225.6 million. Income-tax collections were $121.2 million for the General Fund and $13.3 million for roads, down from 2025 overall. These reports promote public oversight by showing budgets, commitments, spending and remaining balances.