Cleveland proposes using $89 million in carryover to fund 2026 capital projects, then reimburse with bonds The administration told council it plans to encumber about $89 million of 2025 carryover to finance 2026 capital projects up front, use cash on hand through the year and then issue bonds for executed contracts late in the year to reimburse the general fund. Council pressed for details on legal limits, reserve impacts and how much borrowing will be needed.

Cleveland's finance team is shaking things up by proposing a bold $89 million strategy to fund 2026 capital projects through carryover cash, aiming to save millions in interest costs!

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Committee approves clerical amendment to North Coast Connector contract; funding line removed The finance committee approved an emergency ordinance amending language in a contract with Osborne Engineering for the North Coast Connector (lakefront pedestrian bridge), striking a previously requested $5,000,000 funding line and clarifying the document calls it a second amendment rather than a fourth modification.

The finance committee has approved a key amendment to the North Coast Connector project, clarifying contract language and striking a significant $5,000,000 funding line.

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