| ||||||
 |
|
|||||
|
Issue 1 Proposed Constitutional Amendment State of Ohio Majority Approval Required
See Also:
Index of all Issues |
||||||
| ||||||
League of Women Voters of Ohio Education Fund
| Information shown below: Summary | Arguments | | ||||
|
TO EXTEND THE OHIO THIRD FRONTIER PROGRAM BY AUTHORIZING THE ISSUANCE OF ADDITIONAL GENERAL OBLIGATION BONDS TO PROMOTE ECONOMIC GROWTH Proposed by Joint Resolution of the General Assembly To amend Section 2p of Article VIII Constitution of the State of Ohio This proposed amendment would: Continue funding for research and development purposes by authorizing the state to issue $700 million of general obligation bonds to renew and continue programs for research and development in support of Ohio industry, commerce, and business. Limit the amount of all state general obligations that may be issued for, and the amounts of proceeds from those state general obligations that may be committed to, those research and development purposes, to no more than $450 million total for the period including state fiscal years 2006 through 2011, no more than $225 million in fiscal year 2012 and no more than $175 million in any fiscal year thereafter, plus any amounts that in any prior fiscal year could have been but were not issued or committed. Require state agencies awarding funding from those state general obligations to obtain independent reviews of and recommendations as to the merits of proposed research and development projects. The Governor, the President and Minority Leader of the Senate, and the Speaker and Minority Leader of the House of Representatives must be provided information regarding the independent reviewer prior to any award, and the state agency proposing the award must also notify those officials if the recommendations of an independent reviewer are not adopted by that state agency for the proposed project and the reasons for not adopting those recommendations. If adopted, this amendment shall take effect immediately. A "YES" vote means approval of the amendment. A "NO" vote means disapproval of the amendment. A majority YES vote is required for the amendment to be adopted. SHALL THE PROPOSED AMENDMENT BE APPROVED? YES NO
This amendment would: · Authorize the state to issue $700 million of general obligation bonds to renew and continue programs for research and development beginning in fiscal year 2012. · Limit the amount of all state general obligations that may be issued for and the amounts of proceeds from those state general obligations that may be committed to fund research and development to no more than $225 million in fiscal year 2012 and no more than $175 million in any fiscal year thereafter. · Require state agencies awarding funding from those state general obligations to obtain independent reviews of and recommendations as to the merits of proposed research and development projects. The Governor, the President and Minority Leader of the Senate, and the Speaker and Minority Leader of the House of Representatives must be provided information regarding the independent reviewer prior to any award. The state agency proposing the award must also notify those officials if the recommendations of an independent reviewer are not adopted by that state agency for the proposed project and the reasons for not adopting those recommendations.
|
Official Information Secretary of State Nonpartisan InformationLeague of Women Voters News and AnalysisGoogle News Search General Links
| |||
| Arguments For Issue 1 | Arguments Against Issue 1 |
| Proponents of the proposed amendment argue that: 1. Issue 1 promotes economic growth and job development by supporting Ohio entrepreneurs and supporting research and development projects that boost the competitiveness of Ohio businesses of all sizes. 2. Renewal of the Third Frontier Program means continued investment in technology and innovation that has already created 48,000 new jobs and hundreds of new and expanded companies. 3. State agencies awarding funds are required to obtain independent reviews of and recommendations as to the merits of proposed research and development projects. 4. Independent evaluations of the Third Frontier Program confirm that it has proven itself.
| Opponents if the proposed amendment argue that:
1. The State of Ohio has a debt limitation in its Constitution to prevent our state government from incurring too much debt and the bonds that would be issued under Issue 1 are not subject to this Constitutional limitation. 2. The additional Third Frontier Program debt will need to be repaid from future state budgets. In repaying the bonds, legislators lose flexibility in allocating funds for other state services that may be more urgent. 3. The Third Frontier Program allows the State of Ohio to pick winners and losers from the private sector to receive state dollars. While many worthwhile programs may receive funding from this issue, private investments and not public dollars are better situated for such efforts.
|
Ohio Home Page || About Smart Voter || Feedback
Created: June 4, 2010 10:19 PDT
Smart Voter <http://www.smartvoter.org/>
Copyright © League of Women Voters of California Education Fund http://cavotes.org
The League of Women Voters neither supports nor opposes candidates for public office or political parties.