State Senator Bill Beagle
Beagle
announces over $1.8
B Local Government Infrastructure Investment
COLUMBUS–Senator Bill
Beagle (R–Tipp City) today announced the Ohio Senate has passed
Senate Joint Resolution 6, which seeks to renew the State Capital
Improvement Program (SCIP). The partnership between SCIP and the Ohio
Public Works Commission finances public capital improvements to
preserve and improve public infrastructure in communities across
Ohio.
“We all known our local
infrastructure needs to be maintained. These important funds will
help local governments improve roads, bridges and parks,” said
Beagle.
The program has been
extremely successful over the course of its nearly 27-year history
and has been supported at the polls by voters every time renewal has
been needed. The SCIP was originally put before voters and passed in
1987. It has been subsequently put on the ballot by the General
Assembly and passed by voters in 1995 and 2005.
The Senate’s plan asks
voters to approve a 10-year renewal of the program that would
increase the bond funding levels to $175 million annually for the
first five years and $200 million annually for the remaining five
years.
In total, Senate Joint
Resolution 6 asks Ohio voters to approve $1.875 billion of investment
that will directly benefit local governments and communities. These
infrastructure dollars will work to continue the program’s proven
track record of creating jobs, improving the quality of life, and in
many cases, ensuring public health and safety for years to come.
Section 17, article VIII of
the Ohio Constitution limits state debt to just 5 percent of the
General Revenue Fund. With the passage of Senate Joint Resolution 6,
the state maintains its continued commitment to responsible and
conservative debt management while also providing the largest funding
increase in the program’s history.
The resolution now proceeds
to the Ohio House of Representatives where it must also receive
approval before being placed on the May 2014 ballot.
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