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Committee authorizes $60,000 citywide financial advisor engagement; annual reporting added
Summary
Committee approved a one-year contract authority (with renewable options) to retain a citywide financial advisory firm to examine debt strategy, revenue forecasting and other fiscal planning; an amendment requires an annual report to council.
CLEVELAND — The committee approved emergency authority for the finance director to engage one or more financial advisory firms to provide citywide financial planning, policy development and implementation support.
The ordinance (No. 615-2025) authorizes a one-year contract with two additional one-year renewal options and a not-to-exceed baseline cost of $60,000. Finance officials said the engagement is intended to provide a deeper…
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