OAR backs State Issue 1: Renewal of the State Capital Improvements Program
By Carl Horst, OAR Director of Publications/Media Relations
The Ohio Association of REALTORS has joined a bipartisan coalition supporting State Issue 1, a renewal of the public works bond issue that has served Ohio communities successfully for 27 years.
Issue 1, which voters will need approve during the May 6th primary election, will authorize up to $1.875 billion in bonds over 10 years for local community road, bridge, sewer, water and other infrastructure projects. First approved in 1987, the program has helped all 88 counties in Ohio complete 11,500 infrastructure projects and create 64,000 jobs, boosting economic competitiveness without raising taxes. The program has been overwhelmingly renewed by voters twice, in 1995 and 2005.
The diverse coalition of groups backing the measure — Strong Ohio Communities — ranges from the Ohio Chamber of Commerce to the Ohio AFL-CIO, and also includes both the Ohio Democratic and Republican Parties.
Issue 1 funds will pay up to 90 percent of the cost of repair and replacement projects, and up to 50 percent of new projects that independent panels deem to be essential to public health, welfare and quality of life. A per capita allocation system assures that even the smallest Ohio communities share in the benefits of the program. Click here to view a listing of all the 11,500 projects completed during the past three decades, broken down by county.