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Wadsworth ordinance would allocate $4.77 million in 2026 income-tax receipts across city funds
Summary
An ordinance sponsored by Council Member Mike Reese would set a $4,767,961 allocation of 2026 income-tax receipts across nine funds, including $1.27 million for streets and $1.13 million for bond retirement; the measure includes an emergency clause and its final status is not recorded in the provided material.
Wadsworth City Council placed Ordinance No. 26-002 on its Feb. 17, 2026 agenda proposing a $4,767,961 allocation of city income-tax receipts for fiscal year 2026. Council Member Mike Reese is listed as the ordinance sponsor.
The ordinance would amend Section 34.36 of the city's codified ordinances to prioritize disbursements for administration and then distribute available receipts to specific funds. Key allocations shown on the accompanying worksheet include: Street Fund $1,266,775; Street Improvement Fund $1,304,769; General Obligation Bond Retirement Fund $1,131,345; General Capital Improvements $490,000; Sidewalk Assessment Program $332,000; Recreation $100,000; Community Reinvestment Agreements $73,397; Developer's Shade Tree Fund $50,000; and Airport Improvement $19,675. The worksheet lists total projected income-tax revenue of $15,016,113 and shows year-over-year growth percentages used in planning.
The ordinance text declares the measure an emergency "in order to make money available to pay necessary expenses during fiscal year 2026 and to save for future capital improvements," and states it would take immediate effect only if it receives a two-thirds vote of council; otherwise it would become effective at the earliest time permitted by law. The transcript supplied to this report does not record a council vote or adoption outcome for this ordinance.
The income-tax allocation worksheet accompanying the ordinance provides the numerical basis for the allocations and shows historical actuals for 2022'025 used in the calculation. The document lists the subtotal of income tax allocated under the proposal as $4,767,961 and the percent allocation for some funds (for example, the Street Improvement Fund is shown at 9% in the worksheet).
