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Wed April 10, 2013
Republicans Want More Details Regarding Bond Sales
Ohio voters decide on issues to raise money through the sale of bonds every year. But a group of House Republicans feel they’re not getting enough information on those issues.
They’ve sponsored a bill that would require the state, municipalities and other entities seeking money from bond sales to disclose any outstanding debt and how much that amounts to per person. The bill is backed by state treasurer Josh Mandel.
Those disclosures would be on the ballot, in newspapers and online. Mandel says the effect would be what he calls “informative,” and that he doesn’t think this would make it more difficult for bond issues to get approved.