CHICAGO -- A new two-year transportation bill that authorizes the issuance of $1.5 billion of Ohio Turnpike-backed bonds is on its way to Gov. John Kasich’s desk after legislators approved a final version last week.
Kasich is expected to sign the measure. The 2014-2015 transportation budget totals $7.6 billion. Its central feature is Kasich’s proposal that the state create a new Ohio turnpike credit to issue $1.5 billion of bonds for new transportation projects across the state.