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.

Area Agency on Aging 10B, Inc.

Akron General


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

Ohio's attorney general rejectsthe latest proposal to legalize marijuana
i think the ag launguage is money hes talking about drug companies must pay him more than responsible ohio can

PBS documentary chronicles the fall of Saigon through new footage and stories
Hi, Does anyone know the number - in the pbs special "Last Days of Vietnam" documentary, of how many Vietnamese were evacuated? Please e-mail me the answer. T...

Protest planned at tomorrow's FirstEnergy meeting
The problems of the poor and downtrodden have nothing to do with First Energy. They are the result of Republican legislators who consistently reduce taxes on th...

Ohio bill would help smaller communities with LGBT discrimination laws
Do we not try and have rights for all individuals equally? On the HUD list of "preferred" candidates who get "special consideration" it states that: For purp...

Ohio likely will continue with two types of police academies
Wake up people your wanting a Harvard law school education for a job that may pay a little over the poverty level. I don't know anyone who could support a wife ...

Police Week's ties from NE Ohio to D.C.
The men and women in blue who risk their lives everyday to serve and protect us....and this is as much recognition and appreciation that NPR/WKSU feels to offer...

First in a Series: How charter schools got a foothold in Ohio
If the interest where in education and there would be oversight of taxpayer dollars, charter schools would be okay. However, Charter School in Ohio are purely f...

Near West Theater raises the curtain at its new home with 'Shrek the Musical'
When I heard you were doing an article about the Near West Theater, I was very excited, because I had seen the lobby artwork in process on the floor of the arti...

Northeast Ohio pastors want to talk reform with Akron-based FirstEnergy
It's great that this First Energy bailout request is getting media coverage. First Energy is asking to be allowed to NOT find the best costing energy to sell us...

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