Cleveland Mayor Frank Jackson has proposed raising the city's income tax to 2.5 percent to make up for a budget deficit of more than $41 million.
Jackson said the income tax hike would result in balancing the budget, as well as providing the city with another $40 million to spend on improving city services. He said a study is underway to figure out where the funds will be used specifically.
Voters will get to decide whether or not to approve the hike. It will be on the ballot either in November or next spring.
About 87 percent of the city's income tax is paid for by people who work in Cleveland, but live in the suburbs. This would be Cleveland's first income tax hike in 35 years.