Ohio voters approve local infrastructure measure, Issue 2
People cast their votes on the first day of early voting at East Point First Mallalieu United Methodist Church on Oct. 15, 2024 in Atlanta, Georgia. (Photo by)
According to unofficial results, Ohio voters approved a ballot measure Tuesday allowing the state to borrow $2.5 billion to support public works projects. The proposal, known as Issue 2, renews the State Capital Improvement Program — an initiative that has helped local governments fix roads, bridges, sewers and more since the late 1980s.
This is the fourth time voters have approved a 10-year renewal of the program. To fund projects, the state will issue $2.5 billion in bonds, which is a notable increase from the $2 billion approved in the last renewal.
Lawmakers sent the question to the ballot in the waning days of the previous legislative session, but the idea has not been controversial. A vast array of interest groups representing business, unions, agriculture and local governments all signed on in support. A conservative lawmaker and far-right organizers spoke out against the idea, but there was no organized opposition to the measure.
SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
In a statement the Strong Ohio Communities Coalition thanked Ohio voters for approving the initiative and lawmakers for putting it on the ballot.
'Ohioans understand that our local roads and bridges and other basic infrastructure need ongoing improvement,' Sam Rossi, the coalition's spokesman said. 'Our campaign was bolstered by strong bipartisan support from Ohio's elected lawmakers and a broad nonpartisan coalition that included leaders on behalf of business, labor, agriculture, transportation, public safety and local governments.'
'Thanks to our coalition's dedicated work across Ohio for the last few months,' he added, 'voters have once again said 'Yes' to strengthening our local communities by creating jobs and improving local roads and bridges.'
Perhaps the most significant concern supporters faced was voter confusion in a low turnout election.
As early voting was beginning, Republican lawmakers in the Ohio House were polishing off a plan to issue $600 billion in bonds for a new Cleveland Browns stadium. Lawmakers included that provision in their state budget proposal. In the run up to Election Day, Issue 2 supporters were working hard to differentiate their local infrastructure bonds from those supporting the Browns.
It appears voters had little problem discerning one from the other. As of 8:20 pm, 'Yes' votes were surpassing 'No' by a nearly 40-point margin, and in Cuyahoga County where the Browns play, 'Yes' was winning by a more than 3-to-1 margin.
This story will updated.
SUPPORT: YOU MAKE OUR WORK POSSIBLE
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
8 minutes ago
- Yahoo
Vancouver company celebrating reusable food container success
started with just five stores but is now in institutions across Canada and the U.S. As Chad Pawson explains, local waste management officials say it's the type of private-sector ingenuity needed to address the region's garbage problem.
Yahoo
15 minutes ago
- Yahoo
Why Mondelez's Dividend Stands Strong in Uncertain Markets
Mondelez International, Inc. (NASDAQ:MDLZ) is one of the best dividend stocks for a bear market. Mondelez International, Inc. (NASDAQ:MDLZ) ranks among the top global snack makers and belongs to the consumer staples sector. During economic downturns, consumers typically continue buying food at consistent levels, and even tend to favor discounted options more, making large food companies like Mondelez appealing, especially when spending declines in more discretionary areas. A colourful array of products like candies, chocolates and gums on a supermarket shelf. Another reason investors are drawn to Mondelez International, Inc. (NASDAQ:MDLZ) is its strong dividend and reliable cash flow. In the latest quarter, the company generated $1.1 billion in operating cash flow and $0.8 billion in free cash flow, while returning $2.1 billion to shareholders through dividends and buybacks. Mondelez International, Inc. (NASDAQ:MDLZ) has also garnered attention on the dividend front. The company has been rewarding shareholders with growing dividends for the past 11 consecutive years. It offers a quarterly dividend of $0.47 per share and has a dividend yield of 2.83% The company has expressed confidence in its future earnings potential, which may support the strength and stability of its dividend payments. It has reaffirmed its outlook for the year, expecting organic net revenue to grow by around 5%. However, adjusted earnings per share are projected to decline by roughly 10% on a constant currency basis, mainly due to an unusual surge in cocoa prices. Despite this, the company anticipates generating over $3 billion in free cash flow for 2025. Since recessions often go hand in hand with falling stock markets, investors with shorter time horizons may find value in holding companies that offer steady or growing dividend yields. While we acknowledge the potential of MDLZ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
15 minutes ago
- Yahoo
This Under-the-Radar Healthcare Stock Could Be a Solid Income Play
CVS Health Corporation (NYSE:CVS) is one of the best dividend stocks for a bear market. Even during economic downturns, people continue to rely on medications, essential consumer products, and affordable local healthcare. CVS Health Corporation (NYSE:CVS) serves as a convenient healthcare and retail destination within communities. A row of shelves in a retail pharmacy, demonstrating the variety of drugs and over-the-counter products. The company's overall business remains solid, thanks to its diversified operations and multiple sources of revenue. In recent years, it has expanded its presence in primary care and launched a subsidiary called Cordavis to focus on developing and marketing biosimilar drugs. Its broad reach across communities and wide range of services are key advantages. Lately, higher Medicare usage and increased post-pandemic healthcare costs have impacted the company's revenue and earnings growth. However, CVS Health Corporation (NYSE:CVS) remains profitable and maintains a solid cash position. In the most recent quarter, it reported $4.6 billion in operating cash flow. Looking ahead to 2025, the company has raised its full-year operating cash flow forecast from around $6.5 billion to approximately $7.0 billion. In addition, CVS Health Corporation (NYSE:CVS) appears to have significant room to grow its dividend. With a cash payout ratio of just 30%, even doubling that figure would still leave it within a sustainable range. Due to this strong cash generation, CVS Health Corporation (NYSE:CVS) has maintained its payouts since 1997. Currently, it offers a quarterly dividend of $0.665 per share and has a dividend yield of 3.96%, as of June 17. While we acknowledge the potential of CVS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None.