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 it would be pricey to get this scheme off the ground. And it looks like we were right.

Last week the state’s controlling board received two requests for funding related to JobsOhio.

The AG’s office is entering into a contract with McDonald Hopkins “to provide legal services to the Ohio Department of Commerce and the Office of Budget and Management regarding the negotiation and transfer of the Enterprise Acquisition project for JobsOhio.” The cost? $891,000!

And Commerce is requesting $593,941 to pay for “legal fees not budgeted” related to JobsOhio and the liquor profit transfer.

That’s nearly $1.5 Million! That’s taxpayer money that is now being diverted to pay for high-priced lawyers to help finance Kasich and Kvamme’s questionable scheme to give up $250 million a year in liquor profits for 30 years in order to get a one-time infusion of $500 to the GRF and hand over what’s left to JobsOhio.

And this is likely just the beginning.

 
  • Anonymous

    Yet another huge money pit to enrich the friends of Kasich at the expense of Ohio.

    What a pack of blood sucking vampires we have running this state.

  • Anonymous

    RobsOhio creates jobs for lawyers, ONLY.

  • The Kasich administration is like a runaway train destroying everything along the way: respect for the Middle Class worker, public schools, nursing home care, fairness in the workplace, women’s reproductive choice, etc., etc. 

  • amyvav

    They’re just bringing their Wall Street chicanery to Ohio. Bye bye tax dollars.

  • Anastasjoy

    Between this and Issue 3, Ohio lawyers are going to become the richest and busiest in the country. And here I thought Republicans didn’t like lawyers! Oh right, they only demonize lawyers when they are fighting for ordinary people.

  • And we wonder why Lehmen Brothers imploded? Just watch how Ohio implodes and the steps Kasich takes to make it happen. It won’t be the teachers-nurses-police or firefighters that make it happen. It will all hang on the one man who is in charge-Kasich!

  • Random Thoughts

    We won’t make it happen, but I betcha we get blamed (just like we’re getting blamed for blasting an $8 billion hole in Ohio’s budget).

  • Anonymous

    No, they don’t because they don’t work for us. They work for the evil greedy end of the 1%.

    They would just lie anyway because that is how they operate.

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