The Budget & Finance Committee meeting held on May 12, 2025, by the City Council of Cincinnati focused on significant financial discussions, particularly regarding a proposed 30-year tax abatement for the Crew Tower project.

The meeting commenced with introductions of key officials present, including Dr. Dutis from the budget office, Director Webb from finance, and Solicitor Swimme from the law department. Council members, including Vice Chair Scottie Johnson and President Parks, were also in attendance, with the Vice Mayor expected to join shortly.

The primary topic of discussion was the Crew Tower, which is set to receive a substantial tax abatement. This financial incentive aims to support the development and growth of the project, which is anticipated to have a positive impact on the local economy.

In addition to the main topic, the meeting featured two speakers, one of whom addressed the committee in person while the other participated via Zoom. The discussions highlighted the importance of the Crew Tower project and its potential benefits for the city.

As the meeting progressed, the committee members engaged in dialogue about the implications of the tax abatement, weighing the benefits against the long-term financial commitments involved. The outcome of this discussion will be crucial in determining the future of the Crew Tower and its role in Cincinnati's economic landscape.

Overall, the meeting underscored the City Council's ongoing efforts to foster development while managing the city's financial resources effectively. Further steps will be taken as the committee continues to evaluate the proposal and its potential impact on the community.