CHICAGO - Ohio plans to come to market this week with various refunding bonds and a new-money sale that will largely wrap up the state's borrowing for the year.
The issues come after voters earlier this month approved $400 million of Clean Ohio Fund bonds. The state expects to sell those bonds starting in mid-2009 as part of Gov. Ted Strickland's $1.5 billion job stimulus plan. The jobs plan includes roughly $800 million of new-money borrowing over the next several years.