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Senate Finance Committee favorably reports SJR 4 to rules, advancing $2.5 billion bond measure to renew SCIP
Summary
After testimony from business and township proponents, the Senate Finance Committee voted to favorably report Senate Joint Resolution 4, which would put a constitutional amendment before voters to authorize $2.5 billion in general‑obligation bonds to extend the State Capital Improvement Program (SCIP).
The Ohio Senate Finance Committee voted to favorably report Senate Joint Resolution 4 to the committee on rules and reference after proponents described the measure as essential to funding local infrastructure.
Matt McLaren of the Ohio Chamber of Commerce testified in support, saying passage would place before voters a constitutional amendment authorizing an additional $2,500,000,000 in general‑obligation bonds to extend the State Capital Improvement Program (SCIP). "Bond financing spreads the costs of large infrastructure projects over the life of the…
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