Plunderbund was the first to report that in November, Ohio Secretary of State Jon Husted suggested to an audience of statehouse insiders that allocating the state’s electoral college votes by Congressional district might be a good way to reduce the national focus on Ohio elections. (Thanks to Innovation Ohio, we now have the video.) The idea would have delivered the majority of Ohio’s electoral votes to Romney, the loser of the popular vote.
Husted backed away when eyebrows were raised, but many remained suspicious. As well they should be – several state legislatures and […]Full Story... →
That’s the title of an article that appeared in the Case Western Reserve University Law Review last year.
And the author, Sarah Osmer, pulls no punches, arguing that the transfer of public funds to a private entity like JobsOhio is forbidden under article VIII, sections 4 and 6 of the Ohio Constitution.
After a history lesson on the massive fraud, scandal and public debt that resulted in the early 1800’s as a result of politicians using public money to fund private enterprise, the author covers in detail the constitutional changes that were enacted to keep this type of corruption from […]Full Story... →
Yesterday we reported that bond experts and bond investors were questioning the timing of the JobsOhio bond deal because of pending litigation, specifically the decision by the Ohio Supreme Court to rule on whether ProgressOhio has standing to sue.
The Court’s decision caused JobsOhio to delay the offering and to update their circular to include additional disclosures to investors about the lawsuit. An updated copy of this circular is available at the end of this post.
While we’re still working our way through the entire document, there are a few important parts we’d like to highlight.
The first is the amount […]Full Story... →