Unlocking Ohio's Infrastructure Future: Voters to Decide on Expanded Bond Program

Nov 12, 2024 at 10:07 PM
Ohio lawmakers are seeking voter approval to significantly increase the state's bond program for local infrastructure projects, aiming to address the rising costs of materials, labor, and construction. The proposed ballot measure, which has bipartisan support, would allow the State Capital Improvement Program to issue $2.5 billion in state bonds over the next 10 years, up from the $1.85 billion worth of bonds sold since 2014. This expansion would provide much-needed funding for villages, cities, and counties across Ohio to repair and build roads, bridges, and other critical infrastructure.

Empowering Ohio's Communities to Rebuild and Thrive

Addressing the Infrastructure Funding Gap

The State Capital Improvement Program has been a vital lifeline for Ohio's local governments, offering grants and interest-free loans to cover up to 50% of new or expansion projects and up to 90% of repair or replacement work. This funding has been instrumental in helping communities tackle the growing challenges of aging infrastructure and rising construction costs. Without the program, many smaller municipalities would struggle to afford the necessary upgrades, leaving their residents and businesses at risk.

Investing in Ohio's Economic Future

The proposed expansion of the bond program is not just about repairing roads and bridges; it's about investing in the long-term economic prosperity of Ohio. By providing reliable and accessible infrastructure, the state can attract new businesses, support existing industries, and create jobs for its citizens. This strategic investment in the state's physical assets will pay dividends for years to come, strengthening Ohio's competitiveness and positioning it for future growth.

Bipartisan Support for a Shared Vision

The bipartisan support for the bond program ballot measure is a testament to the importance of infrastructure investment in Ohio. Lawmakers from both sides of the aisle recognize the critical role that this program plays in supporting local communities and driving economic development. This unified approach reflects a shared understanding that infrastructure is not a partisan issue, but a fundamental necessity for the well-being and progress of the state.

Ensuring Responsible Stewardship of Taxpayer Dollars

While the expansion of the bond program will result in increased state spending, the program's structure ensures responsible use of taxpayer funds. The grants and interest-free loans are designed to leverage local resources, with the state covering a portion of the costs. Additionally, the program's oversight and reporting mechanisms help to maintain transparency and accountability, giving voters confidence that their tax dollars are being used effectively.

A Proven Track Record of Success

Since its creation in 1987, the State Capital Improvement Program has a proven track record of success, with over 19,000 grants and loans distributed to local governments in all 88 Ohio counties. This financial assistance has been instrumental in building and improving roads, bridges, water and wastewater infrastructure, and other critical assets that support the state's communities. The program's consistent voter approval, with the closest call being a 54% vote in 2005, demonstrates the enduring value it holds for Ohioans.As Ohio voters prepare to make their decision in the upcoming primary election, the stakes are high. The outcome of this ballot measure will shape the future of the state's infrastructure, with far-reaching implications for economic growth, community development, and the overall quality of life for all Ohioans. With bipartisan support and a proven track record, the State Capital Improvement Program stands ready to continue its vital work in rebuilding and strengthening the foundation of Ohio's prosperity.