Senator Grendell wants to fix horrible liquor privatization plan


Warning: Illegal string offset 'status_txt' in /home/plunderbund/webapps/bw/wp-content/plugins/share-and-follow/share-and-follow.php on line 1243

Warning: Illegal string offset 'status_txt' in /home/plunderbund/webapps/bw/wp-content/plugins/share-and-follow/share-and-follow.php on line 1243

Warning: Illegal string offset 'status_txt' in /home/plunderbund/webapps/bw/wp-content/plugins/share-and-follow/share-and-follow.php on line 1243

Warning: Illegal string offset 'status_txt' in /home/plunderbund/webapps/bw/wp-content/plugins/share-and-follow/share-and-follow.php on line 1243

Warning: Illegal string offset 'status_txt' in /home/plunderbund/webapps/bw/wp-content/plugins/share-and-follow/share-and-follow.php on line 1243

We’ve talked at some length about Kasich’s plan to give away 25 years worth of state liquor profits in exchange for a one-time payment of $1.5 million. It’s way too little money, puts us in a terrible negotiating position, and as a way to give JobsOhio $200 million in start-up money, is just plain stupid. It would have been much easier, and a much better deal for taxpayers, to give JobsOhio $200 million from this year’s liquor profits and be done with it without giving away the store. But they couldn’t do that because they needed half a $billion in one-time money to balance the budget. So here we are.

Senator Grendell knows a bad deal when he sees one, and looks poised to offer an amendment to the budget to require the state to hold out for more revenue than it’s previously indicated it would accept, and after paying off bond debt and plugging the budget hole, giving whatever is left to the schools and local governments that took such a tremendous hit in the Governor’s budget proposal.

The President of the Senate and House Speaker are making noise about taking care of the nursing home industry and the Governor clearly wants nothing to do with helping local governments or schools and would rather spend any extra money from privatization on a tax cut. If Grendell is successful in getting an amendment to value the liquor revenue stream more highly, expect a lively debate with the administration behind closed doors during conference negotiations about how to spend the proceeds.

 

Print Friendly

3 Comments

  1. I enjoy reading through an article that will make men and women think.
    Also, thank you for allowing for me to comment!

Trackbacks

  1. Senate to put finishing touches on budget | Ohio Budget Watch
  2. Sen. Grendell’s amendment would have added $300 million to Local Gov’t Fund | Ohio Budget Watch

Leave a Response