Cleveland, Ohio—The Greater Cleveland Partnership (GCP) has endorsed re-authorization of the State Capital Improvements Program
(SCIP), Issue 1 on the May 6 statewide ballot, which provides funding to counties, cities and other governmental subdivisions for roads, bridges, water supply, and waste projects.
“Issue 1 has bi-partisan support from individuals and organizations all across the state, and we’re pleased to add our organization to that list,” said GCP President and CEO Joe Roman. “Passage will mean an extension of this critical proven funding program for 10 more years.”
Projects are scored and selected by local public works integrating committees. Cuyahoga County has received the most SCIP funds over the life of the program, nearly a half billion dollars and 35 percent more than the next closest county. Recent and ongoing projects designated for funding allocations include Columbus Road Lift Bridge, Martin Luther King Jr. Drive rehabilitation, Lorain Avenue rehabilitation, and Opportunity Corridor.
Ohio voters have approved SCIP as a constitutional amendment on three separate occasions—1987, 1995 and 2005. More than 11,500 SCIP projects have been completed in the last 27 years.
Currently, $150 million is available through this program on an annual basis. If approved, Issue 1 would re-authorize SCIP at a higher level--$175 million a year for the first five years and $200 million a year for five additional years. Re-authorization is estimated to provide 35,000 jobs over the next decade.
Passage of Issue 1 will allow the state to issue an additional $1.875 billion in general obligations bonds that will be retired through state operating budget expenditures over the next 30 years.
About the Greater Cleveland Partnership
The Greater Cleveland Partnership mobilizes private-sector leadership, expertise and resources to create attractive business conditions that create jobs, grow investment and improve the economic prosperity of the region. www.gcpartnership.com