At the end of November Standard & Poor’s provided the below report on Cincinnati’s creditworthiness. Note this line:
The outlook revision reflects our view of the city's revenue losses, which are contributing to a forecasted structurally-imbalanced budget for 2013
The budget Council is passing today does nothing to address the issues raised by S&P and only serves to hasten the city's decline.
In short, Cincinnati is screwed. Mallory and Qualls have proven themselves unserious and the rubber stamp crew: Quinlivan; Seelbach; Young; Thomas; and Simpson allow them to destroy a once great city with impunity.