Ohio state Senate passes over $1 billion in bonds; House balks

The Ohio state Senate on Wednesday passed a bill that included $1.27 billion in bonds for state government agency facilities, K-12 classrooms, local subdivisions’ capital improvement projects and conservation projects.

includes a $350 laundry list of one-time funding projects, including $1 million for a professional women’s soccer stadium in Cleveland. The Senate has reportedly objected to some of those projects.

In addition to the bonds, HB 27 also includes provisions concerning the adoption process, with grants for Ohio families who choose to adopt children, and to the Ohio State Fair. 

After a pair of December upgrades, Ohio owns triple ratings from Moody’s Investors Service, S&P Global Ratings and Fitch Ratings.

Kroll Bond Rating Agency assigns a AAA long-term rating to Ohio’s GO highway improvement bonds, which are additionally enhanced by a pledge of highway user fees.