News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Metro RTA

Hennes Paynter Communications

Akron Children's Hospital


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Government and Politics


Critics say Ohio Issue 1 is a deferred a tax
But the state's budget director says spreading out costs for major projects is good policy
by WKSU's STATEHOUSE BUREAU CHIEF KAREN KASLER


Reporter
Karen Kasler
 
Ohio Office of Budget and Management Director Tim Keen says spreading out costs is the right way to pay for big projects.
Courtesy of Ohio Office of Budget and Management
Download (WKSU Only)
In The Region:

The single statewide ballot issue on Tuesday’s ballot has no organized opposition, but the $2 billion bond issue to raise money for construction and repair projects does have a few critics.

LISTEN: KASLER ON ISSUE 1

Other options:
Windows Media / MP3 Download (1:08)


Issue 1 will allow the state to sell $1.875 billion in bonds over 10 years. But Maurice Thompson of the 1851 Center for Constitutional Law says it does more than that. He claims it will raise Ohioans’ taxes 15 to 20 years in the future.

“The reason all the politicians are for this is because they can spend this money today, they can target it to politically sensitive areas today, and not have to be held accountable for the tax increases ten years from now because they’ll be long gone, and it’ll be just you and I and other Ohioans here holding the bag,” Thompson says.

Thompson says the state already spends too much money. But state budget director Tim Keen is emphatic that there is no tax increase in the bond issue, and that it is the right way to pay for big expensive needs.

“When you have long-lived assets like roads, bridges, water systems, that we are going to build with these dollars, it’s appropriate to borrow that money and then spread the cost of those projects over the life of the project,” Keen says.

Keen says the most the state will have to pay on the bonds is $40 million, which he says is a manageable fraction of the state budget.

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

The Surpreme Court gay-marriage decision plays out in Ohio Amish country
Keep in mind that the majority of the people residing in Holmes County are Amish, a church people who do not vote because they do not believe in governmental ru...

Akron council committee recommends Forney for its opening
Which committee member voted for Wilhite?

Canton Youth Symphony is named orchestra of the year
This is what makes CSO the hippest small town orchestra in America!

What can be expected if Ohio's tobacco taxes increase?
let's face it! The increase has little to do with smoking cessation

Rare Cleveland Indians photo from 1911 hits the auction block
Paddy Livingston, who cut his teeth on a Louisville Slugger in Kent, Ohio was one of the immortals that played in that game. He was the catcher. Ty Cobb actuall...

Nexus denies Green's request to relocate its planned gas pipeline
These people have so much power. Too much. They could care less about the people they leave when it is done. Spectra does not, and admits, they do not do the...

The former Hugo Boss plant is about to start making suits again in NE Ohio
Hugoo Boss should not even be allowed to make or sell suits in the USA ..... During WWII, they were a nazi company. They made the uniforms for the S.S.

Ohio voters remain split over gay marriage
It's all good. The bigots will get used to it, just like interracial marriage. Or they die off-either way, all is well :-)

Ohio Senate budget reduces low income housing funds
Bill is correct. Lake County receives funding to assist in the operations of permanent housing for over 90 households annually - persons who are living with a s...

Cleveland's mustard war rages on
Stadium Mustard is stolen from Bertman's and it is made in Chicago. Real thieves and creeps. Bertman's or death.

Copyright © 2015 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University