CHICAGO — Ohio’s House Committee on Economic Development yesterday held the first of three hearings on a measure that would allow the state to issue up to $1.5 billion of general obligation bonds to renew a popular jobs program.

The fate of the bond proposal has become a political battle in the legislature. Democrats, including Gov. Ted Strickland, want to put the renewal on the May ballot, while Republicans are saying they’re reluctant to have the state take on the new debt amid declining revenue.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.