Economic Stabilization Fund Balance Goal

At a glance

  • What: Resolution 0194X-2026 reaffirms the role of the Economic Stabilization Fund (the "Rainy Day Fund") in letting the city keep basic services running during an economic downturn, natural disaster or catastrophe, and sets a goal of a $140,000,000.00 balance, described as eleven percent of the Mayor's 2026 budget, by the end of 2032.
  • Vote: moved by Bankston, seconded by Day-Achauer; adopted 9-0 on 9/28/2026.
  • Where it stands: adopted. The resolution sets a goal; it appropriates no money.

Sources

Log

2026-09-28 - Columbus City Council

  • Adopted 9-0 (all nine members in favor). No debate is recorded in the minutes.

2026-09-14 - Columbus City Council