Nottingham City Council's Labour Leader, Jon Collins, said:
"This was a referendum imposed on us by the Coalition Government which the majority of local people clearly did not agree with. I am pleased with this outcome because an elected mayor would have been expensive and unnecessary.
This outcome shows that local people recognise we have a system in Nottingham which is working well for them and the city.
"We in the city however are not complacent about the challenges faced in order to achieve our targets of cutting unemployment, continuing to cut crime and anti-social behaviour and keeping our streets and neighbourhoods clean.
All city councillors will now continue the hard work of making Nottingham a better place to live and work."