Committee asks administration for report on creating dedicated special-events fund

The Cincinnati Budget and Finance Committee amended a motion from Council member Seth Walsh at its meeting to ask the administration to return a report on creating an identified funding source and policy for city-supported special events.

The request follows a proposal from Walsh to set aside a recurring, restricted account for events such as Blink and the Cincinnati Music Festival and to reserve 10% of that account for an incubator that would help smaller or startup community events grow. Walsh said the proposal builds on a prior idea raised during the last budget cycle and the city’s recent closure of a ticket‑tax loophole, which he said drove a projected 15.1% increase in ticket tax revenue and roughly $1.5 million in new revenue in the last budget.

Walsh said the goal…