From the daily archives: Monday, October 31, 2011

Last fall, we were originally told that Kasich’s JobsOhio program would be self-funding with a good portion of the money coming from private investors.

When the budget was introduced, we were then told they’d actually be using funding from the State’s Third Frontier program and profits from liquor sales.

The liquor profit scheme they came up with is complex and tricky and involves giving JobsOhio control of Ohio’s liquor profits against which it will sell bonds to raise money to pay the state for a lease on the profits. And the leftover capital for operating costs.

We predicted […]

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