During the last Bellbrook City Council meeting, counsel urges voters to support the State Issue I Renewal of the State Capital Improvements Program on the May 6, 2014 ballot.
Issue 1 on the May 6, 2014 statewide ballot provides Ohio voters the opportunity to renew the program by authorizing the issuance of $1.875 billion in capital improvement bonds and no new taxes are required to fund repayment of the bond.
State Issue I provides the means to support vital road, bridge, sewer, water and other infrastructure projects. This is a state program of support for local communities which not only helps to fund infrastructure projects, but also creates large numbers of construction and allied jobs.
The Ohio State Capital Improvement program has successfully provided support for more than 11,500 such projects and resulting in job creation since its inception in 1987.
“Bellbrook has received $7.7 million dollars. If you annualize that out, it is about $300,000.00 a year that we have received for street, water improvement, and storm sewer projects,” City Manager Mark Schlagheck said. “So, this is a program that has helped us do projects that probably would not have been able to do on our own without the support of this bond.”
I think, as a community, we have benefited from this – there is no additional cost or no additional taxes – it is just a renewal that the state continues to pay the debt service within their current budget.
The ballot for Bellbrook is going to be very limited with local issues. The only other issue will be the Greene County Council on Aging. So, the projected turn out of voters will be low but the city is urging more voters to come out and support the important issues.
“This is important to the city,” continued Schlagheck. “We have been fortunate to take advantage of these programs.”
The city urges voters to cast their votes in support of continuing the Infrastructure Improvements and Job Creation Issue 1.