Intro.  How do you imagine the economy of Cincinnati 10 years from now? Stable? Well supported? Poor? Bankrupt? Well that is undecided and the decisions we make for the city today and onward will reveal the imminent future of Cincinnati Ohio. Last year Cincinnati was 50 million dollars in debt. This year Cincinnati is 32 million dollars in debt. We need a new plan, a new method to successfully balance the budget.

Research. Houston’s 4.1 billion- budget plan  Annise Parker unveiled a $4.1 billion spending plan, balancing the city's budget largely through a one- time draw of surplus funds, land sales, fee increases and spending cuts she insisted would have a minimal impact on Houstonians.  The General Fund operating budget of $2 billion represents one of the most significant decreases in Houston’s operating expenditures in years.  The mayor made good on her promise not to raise taxes, keeping the property tax rate the same in the coming fiscal year, and avoided the furloughs that have become commonplace in other major cities around the country.  She says “I’m happy that our economy is still better then that in any other part of the country, and that decisions that we’ve made over the years have kept us from the financial straits that many other cities are facing”

Research. Boston Plan which charged Non profit on valuable land annual payments  Boston has sent letters to its largest nonprofit institutions telling them the value of their land and asking them to begin making annual payments that would eventually rise to a quarter of what they would owe if they paid property taxes.

Research. Mayor Rahm Emanuel Angel Taveras  Rahm Emanuel, Mayor of Chicago wants the city to begin charging water fees to nonprofits, which have been spared them in the past.  The mayor of Providence, R.I., Angel Taveras, cited Boston’s example this month when he called on nonprofits to pay more money to the city. He said “Every citizen, every city worker, every taxpayer, every business and every organization — including tax-exempt institutions — must share part of the burden of saving our city,”  He proposed closing Providence’s $109 million budget gap by shutting schools, laying off workers, cutting the Police and Fire Department budgets and raising taxes on homeowners as well as seeking larger payments from the city’s prestigious universities and other nonprofit institutions.

Research. How Alabama delt with debt, and avoided bankruptcy.  A preliminary deal approved with Wall Street bankers would allow Alabama's most populous county to avoid the embarrassment of filing the largest municipal bankruptcy in U.S. history.  But to help bail their local government out of $3 billion in sewer debt, residents could see tax increases, service reductions and decades of sewer rate hikes.  The agreement would cap sewer rate increases at 8.2 percent annually for the first three years, followed by yearly increases of as much as 3.25 percent for an indefinite period.