DAYTON, Ohio (WDTN) – Ohio is asking your permission to borrow money to repair the state’s roads and finance local infrastructure when they vote on State Issue 1 May 6.
The statewide constitutional amendment is designed to raise funds for capital improvements.
The amendment would allow the state to borrow up to $1.875 billion over 10 years through issuance of general obligation bonds to pay for improvements for roads and bridges and other forms of infrastructure.
Supporters stress this is not a tax, but bonds issued by the state that it pays back over time.
They say that money is vital to communities to keep roads like this one in good condition.
“This is another example of where state dollars can come into play in local communities that can help their infrastructure,” says Phil Parker of the Dayton Area Chamber Of Commerce.
Opponents of the amendment argue that Issue 1 allows the state to issue more general obligation bonds, increasing indebtedness to pay for public infrastructure capital improvements. As a result, all Ohio taxpayers will be paying interest on those bonds to cover local government projects from which many Ohioans may not see a direct benefit and which local governments should prioritize and pay for using locally-raised dollars.
Voters approved a similar amendment in 1987, and have renewed it twice since then.