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.

Meaden & Moore

Lehmans

Northeast Ohio Medical University


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 to appeal ruling keeping Akron's red light cameras in place
I don't understand what all the fuss is about. If you don't like tickets drive the speed limit and stop at red lights. It's really all up to you.

Letters from a lost friend: A Beachwood survivor's Holocaust remembrance
What a great story -- and how important it was for both Marlene and her mother to tell it! Thank you.

Akron city council to vote on resolution for hiring ex-offenders
Great as a taxpayer I paid for the police to catch them, the free lawyer, the jail to house them , the food their kids eat the medical for them and all its goin...

5 of 8 rule headed for a vote
this is just another way for kasich to pass the buck and claim that it gives the local districts control. Few schools have enough money because of his cuts. T...

Bill would allow Ohio religious leaders to refuse to do gay marriages
This is just a lot of political posturing. The free exercise clause of the 1st Amendment already protects clergy from being forced by civil authorities to perfo...

Ohio lawmakers want to eliminate background checks, training to carry guns
On the face of this report I don't find the name of the bill or who sponsered it. I will have to google a general bill with this as its content to address it. N...

Ohio lawmaker calls for an investigation into a Dayton women's prison
I was an inmate at DCI and I am so happy that it's being investigated. The staff behavior there is awful unless he/she is your lover. There are more drugs insid...

Ohio's disabled face long waiting list for services
Can we use the Tribble on Disability Care? if so can you send the link to http://voice4thevoiceless.us thank you, Mark J Cleland Sr voice4thevoiceless.us

Treasures rescued from Cleveland's closed Catholic churches
This was found to be a real gift today Good Friday Bless you for your work

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