CLEVELAND-- Cleveland Mayor Frank Jackson delivered his 11th state of the city address Thursday afternoon.
During the address at Public Auditorium during a City Club of Cleveland event, Jackson said the city is facing a stark choice between a tax increase or layoffs.
He said the city permanently lost about $63 million a year in funding, which steam from lower property tax values.
Jackson also proposed a change in investment strategy that calls for $25 million to be pumped into neighborhoods to help with quality of life issues. He touted the importance of education in moving people forward, saying it is critical for voters to approve an operating levy this fall.
Given the budget shortfall, he said the city can't cut it's way to prosperity.