COLUMBUS -- Issue 1, a renewal of a decades-old program that funds road, bridge and other public works projects across the state, passed the legislature with broad support from Republicans and Democrats and both parties touting the potential benefits.
State lawmakers gave their OK earlier this year to seek a renewal of Ohio's State Capital Improvement Program for another decade. The issue was originally OK'd in 1987 and renewed in 1995 and 2005.
The amendment seeks up to $175 million in state borrowing annually for five years (up from $150 million currently), followed by up to $200 million annually for the remaining five years.
The proceeds would be used for grants for local roads, bridges, water supply, wastewater treatment, storm water collection and solid waste disposal.
In addition to wording that will appear on the ballot, the board approved arguments for and against the issue.
The former was compiled by lawmakers, who noted that Issue 1 "brings needed repairs," will not increase taxes and is supported by both parties.
The argument against notes that "all Ohio taxpayers will be paying interest on those bonds to cover local government projects."
The opposition argument also states that Issue 1 represents an increase in state borrowing and spending.