Ohio ballot features $2.5B public infrastructure bond amendment for local projects

In the heart of Geneva, Ohio, city officials gathered to discuss a pivotal issue that could shape the future of local infrastructure. The upcoming statewide ballot on May 6 features a significant amendment—Issue 2, which proposes a local public infrastructure bond. This initiative aims to authorize a staggering $2.5 billion in general obligation bonds, limited to $250 million per year over the next decade, to support essential state capital improvement programs.

As city representative Josh highlighted, the Lawn Street project, among others, stands to benefit from this funding, which is primarily channeled through the Ohio Public Works Commission (OPWC). The SCIP, or State Capital Improvement Program, plays a crucial role in providing local governments with the necessary grants, loans, and debt support for vital infrastructure projects. These projects encompass a wide range of needs, including roads, bridges, sewers, stormwater systems, and waste facilities.

The statistics shared during the meeting painted a clear picture of the program's impact. Since 1987, Geneva has successfully utilized these funds for 42 projects, with a total project cost exceeding $15.5 billion. The city’s local contribution amounts to just over $7 million, while it has received nearly $4.8 million in grant dollars and $3.5 million in 0% interest loans. Notably, 56.7% of the proposed funding from the amendment is earmarked for road improvements, with additional allocations for water supply, wastewater management, bridges, and stormwater utilities.

As the city prepares for the vote, the implications of Issue 2 are clear: it represents a critical opportunity for Geneva to enhance its infrastructure and ensure the community's needs are met for years to come. The outcome of this ballot could very well determine the trajectory of public works in the region, making it a topic of keen interest for residents and officials alike.