"The $2.5 billion infrastructure initiative represents a significant increase in funding, aiming to maintain existing infrastructure without raising new taxes, offering homeowners essential property tax relief."
"Experts predict that Ohio Issue 2, a bipartisan public works initiative, is likely to pass, promoting local infrastructure funding while remaining compliant with constitutional borrowing limits."
Ohio is set to vote on Issue 2, a 40-year-old initiative that allows the state to use general obligation bonds for local infrastructure projects. Approval would maintain current tax levels while providing $2.5 billion for repairs and improvements over the next decade. This funding, projected to increase from $200 million to $250 million yearly, offers a substantial benefit to homeowners. Additionally, a new proposal aims to lower taxes for residents in certain school districts, further alleviating property tax concerns in an era of financial scrutiny.
Read at SFGATE
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