Wadsworth ordinance would allocate $4.77 million in 2026 income-tax receipts across city funds

Wadsworth City Council’s agenda for Feb. 3, 2026 includes Ordinance No. 26-002, a second-reading measure sponsored by Council Member Mike Reese to amend Codified Ordinances section 34.36 and allocate $4,767,961 of city income-tax receipts for fiscal year 2026.

The ordinance text and accompanying worksheet lay out specific fund allocations: $1,304,769 to the Street Improvements Fund, $1,131,345 to the General Obligation Bond Retirement Fund, $490,000 to General Capital Improvements, $332,000 to the Sidewalk Assessment Program (2026), $1,266,775 to the Streets Fund line, $100,000 to Recreation, $19,675 to Airport Improvements, $50,000 to the Developer’s Shade Tree Fund, and $73,397 for Community Reinvestment Agreements. The worksheet also shows total projected income tax revenue of roughly $15.0 million for the most recent year listed.

The ordinance states it is an emergency measure “in order to make money available to pay necessary expenses during fiscal year 2026 and to save for future capital improvements.” The transcript provides the ordinance language and the allocation worksheet but does not record a council vote or public comment on the measure. The ordinance is listed as a second reading in the agenda; mover/second and vote tally are not specified in the transcript.

If acted on, the allocations would guide which funds receive designated income-tax receipts in 2026; the document does not specify timing for any transfers beyond the emergency-effect language or any contingencies such as required matching or external approvals. The ordinance was presented as sponsored by Council Member Mike Reese; the transcript provides the ordinance text and worksheet but does not record further discussion or a vote.