The Akron Budget & Finance Committee on Monday approved a temporary appropriation to cover city expenses from Jan. 1 through March 31, 2026, and authorized the rollover of two short-term notes totaling $44,000,000.

The temporary appropriation ordinance, presented by Wheeler, was placed on the consent agenda and approved by voice vote. “This is our temporary budget for expenditures from January 1 to March 31,” Wheeler said when introducing the measure.

The committee then considered an ordinance authorizing the issuance and sale of notes in a maximum principal amount of $3,000,000 to retire previously issued notes tied to special assessments for improvements in Good Park Subdivision, filed by NDC Good Park LLC. Mis­ter Fricker explained the $3,000,000 note is one of two the city issued last year and is being rolled for an additional year while final assessments are completed. “Once we do that, the property owners will be able to pay that bill either in cash or have it certified, and then we will issue long term ... bonds,” Fricker said.

The committee approved a motion to suspend the rules and give a favorable report for the Good Park note by voice vote.

A second ordinance authorized the issuance and sale of notes in a maximum principal amount of $41,000,000, representing the remaining rolled portions of a previous various-purpose note. Fricker said the various-purpose note was about $60,000,000 in total last year; portions from 2023 and 2024 are being rolled for an additional year to preserve financing flexibility. The committee approved suspension of rules and advanced that measure by voice vote.

None of the votes in the meeting were recorded as a roll-call tally in the transcript; actions were approved by voice ('Aye'). The ordinances were presented as emergency measures to allow timely financing and cash-flow management.

What’s next: The temporary appropriation covers operating needs until the committee or full council completes the 2026 budget process. The financing rollovers will remain short-term until final assessments are certified and the city moves portions into long-term bonds.