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$56 million trust disbursement from railway sale earmarked for city infrastructure, budget staff says
Summary
Budget staff told the committee a first‑year trust disbursement of $56 million from the sale of the Cincinnati Southern Railway will be available for existing city infrastructure projects and described departmental allocations, with the Department of Transportation and Engineering receiving the largest share.
The budget presentation included a new capital resource: a first‑year trust disbursement tied to proceeds from the sale of the Cincinnati Southern Railway, budget staff said.
Dr. Dudas said the disbursement totals $56 million in the first year — a 91 percent increase from the current fiscal year — and that the funds are restricted to existing city infrastructure projects. He described department allocations that place the largest amount with the Department of Transportation and Engineering.
According to the figures presented, the trust disbursement allocation for the general capital program was listed as: Department of Transportation and Engineering $34.8 million; Recreation $7.6 million; Parks $7.2 million; Public Services $6.4 million. Dr. Dudas emphasized the trust proceeds are a one‑time capital resource that must be used on existing infrastructure projects.
Ending: Council and administration will need to coordinate project schedules and procurement to use the disbursement on eligible capital work.
