Balderson Announces Introduction Of Capital Budget
Capital Budget Advances Local Projects, Invests in Job Creation
March 18, 2014
 
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STATEHOUSE - 

Senator Troy Balderson (R–Zanesville) today announced the introduction of Ohio’s 2014 Capital Budget, which provides local investment dollars to support individual communities’ construction priorities. The bill funds needed improvements to public facilities across the state including schools, colleges and universities, and parks.
 
The legislature generally approves a capital budget every two years in order to fund pressing construction and maintenance projects around the state. The plan also serves as an important mechanism in creating Ohio jobs and moving the state’s economy forward.
 
“The Capital Budget proposal is a way for us to continue in our mission of strengthening our economy and growing jobs here in Ohio while also providing key investments into important construction projects with our schools and other public entities," said Balderson.
 
Once fully enacted, Ohio’s proposed new public construction budget will create approximately 31,000 new jobs over the next several years from the $2.386 billion it injects into needed repairs, maintenance and construction of publicly owned buildings and other infrastructure at the state and local level.
 
The capital budget includes:

  • $675 million for local school construction, including repairs, renovations and new primary and secondary education facilities;
     
  • $454.5 million for Ohio’s 37 public colleges and universities;
     
  • $369 million for local infrastructure projects administered by the Ohio Public Works Commission, including upgrades, replacement and new construction of local roads and bridges, storm and sanitary sewers, water lines and other vital infrastructure;
     
  • $100 million for the Clean Ohio program to improve outdoor recreational opportunities and fund the preservation of open spaces and farmlands;
     
  • $574.3 million for maintenance and renovations at state-owned facilities including Ohio State Parks, state prisons, mental health facilities and other public facilities.

 
Details of the Capital Budget Bill can be found at: www.obm.ohio.gov/SectionPages/Budget/Capital.aspx

 
 
 
  
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