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Economy and Business

Republicans want to know more about debts before bond issues go to voters
Ohio Treasurer Josh Mandel says people need more information to understand what they're voting on

Karen Kasler
In The Region:

Ohio voters decide on issues to raise money through the sale of bonds every year. But a group of House Republicans feel they’re not getting enough information on those issues. They’ve sponsored a bill that would require the state, municipalities and other entities seeking money from bond sales to disclose any outstanding debt and how much that amounts to per person. The bill is backed by state Treasurer Josh Mandel.

Mandel on debt disclosure

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“When citizens are going to the ballot box ... to vote on a certain issue, whether it’s a state issue (or) local issue, ... they have the right to know what they’re voting on. They have the right to know what’s the full picture of debt in their local municipality, in their school district, in their state.”

Those disclosures would be on the ballot, in newspapers and online. Mandel says the effect would be what he calls “informative,” and that he doesn’t think this would make it more difficult for bond issues to get passed.

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