By Raquel Jones, Intern
On May 6th, voters will choose whether or not to renew the state’s program for funding public infrastructure capital improvements by permitting the issuance of general obligation bonds. If renewed, this vote authorizes the state to continue selling bonds (for another 10 years) to fund much-needed improvement projects all over the state, such as construction on local roads, bridges, and water-supply systems.
Since the program was approved by voters via a constitutional amendment in 1987, it has helped to rebuild more than 11,500 local road, bridge, sewer, water and solid-waste projects, in all of Ohio’s 88 counties. The program provides up to 50 percent funding for new construction projects and up to 90 percent for repair-and-replacement projects.
The Ohio Public Works Commission currently allots $150 million each year to this program, however, under the new amendment, the state would increase the size of bonds to provide more money: $175 million in each of the first five years and $200 million in each of the next five years. That is a 39 percent increase in the money that local road and water-supply construction projects currently receive. Furthermore, it is projected that this program would create an estimated 3,500 additional construction and related jobs over the next decade.
The passage of this issue is especially critical at this time since the state’s current authorization to issue bonds against the state’s tax revenue expires in 2015 or whenever the state has maxed out the amount approved in the last bond issue. If this program were to expire, it would cut off a source of money for municipal construction projects and the estimated 35,000 workers employed on the projects.
The Ohio Chamber of Commerce, local governments, and nonprofits around the state have endorsed Issue 1. For more information, the Ohio League of Women’s Voters has provided non-partisan, in-depth information here.