Quantcast

Trumball News

Saturday, April 27, 2024

Loychik, Ohio House Approve $350 Million Strategic Community Investment Fund

Webp mftyg5m1y1z358zzitphiuyp638v

State Rep. Mike Loychik | The Ohio House of Representatives

State Rep. Mike Loychik | The Ohio House of Representatives

The Ohio House of Representatives has passed Substitute House Bill 2, approving the allocation of $350 million from the Strategic Community Investment Fund for various projects across the state. State Rep. Mike Loychik (R-Bazetta) made the announcement, emphasizing the importance of investing in projects that contribute to the well-being of local communities.

Loychik highlighted several provisions that will benefit Trumbull and Ashtabula counties. These include $250,000 for the renovation of the Trumbull County Grandstand, $330,350 for the preservation of water quality at Mosquito Lake State Park, $345,000 for the construction of a new EMS building in northwest Trumbull County, and $350,000 for the development of a community outdoor pavilion in downtown Cortland. These projects aim to enhance safety, entertainment, and the overall quality of life for the residents.

The Strategic Community Investment Fund, which originates from the state's main operating budget passed last year, consists of excess funding from the previous fiscal year. The Ohio House's ability to invest in these projects is a result of responsible fiscal stewardship and prudent financial management.

In addition to the local investments, Substitute House Bill 2 also includes substantial capital investments in other areas. This includes $600 million for the School Building Program Assistance Fund, $400 million for the Public Works Commission Local Public Infrastructure and State Capital Improvement Program, $397.6 million for Higher Education Projects statewide, and $250 million for the construction of local jails across Ohio, with a specific allocation of $150 million for smaller counties.

The approval of this legislation reflects the commitment of the Ohio House of Representatives to prioritize the needs of various communities and promote their growth and development. Through strategic investments, the state aims to create a favorable environment for economic prosperity and improved quality of life.

As Rep. Loychik stated, "When we invest in the communities we live, work, and play in, everyone thrives." The passage of Substitute House Bill 2 marks an important step towards achieving this goal and building a stronger and more vibrant Ohio.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS