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State's $1.9B bond issuehas bipartisan support

By Marc Kovac | R-C Capital Bureau Published: May 5, 2014 4:00 AM

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.

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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.

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stanback May 5, 2014 11:01 AM

If the new annual amount is $175 million for the first 5 years and $200 million for years 6 - 10 and the past 10 years were $150 million annually, that will be an additional $375 million. If there will be no tax increases, where will this money come from, Governor Kasich? Your first round of pulled funding created hardship for many school district and local governments, I'm sure you can find some low hanging fruit in the senior citizen and military veteran benefit programs.