As part of this year’s biannual capital budget process, state lawmakers agreed to a one-time spend of over $700 million to fund a wide array of additional capital projects across Ohio. According to multiple media reports, lawmakers are calling this one-time spend the “Super Duper Fund,” which referred to a $717.8 million spike in state tax revenues after federal COVID-19 relief money flowed into Ohio.The Super Duper Fund is considered part of the overall $4.2 billion capital budget, the largest capital budget in state history.
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On Nov. 9, by a 5-2-1 vote, the Cleveland-Cuyahoga County Port Authority Board of Directors voted to repeal its Prevailing Wage provision. The Cleveland-Cuyahoga Port Authority is a public agency that provides financing solutions for economic development projects in Cuyahoga County and beyond. The Port Authority partners with economic developers, government entities and banks to provide funding options for projects in the private, non-profit and public sectors. According to its website, since 1993, the agency has funded 150 projects, issued $4.5 billion in bonds and leveraged $6.1 billion in construction.
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Cleveland Building Trades Executive Secretary, Dave Wondolowski. “In repealing its wage-protection policy, the Cleveland-Cuyahoga County Port Authority Board of Directors has violated its mission to advance the economic interests of Cleveland residents in favor of protecting profit margins for a handful of developers.”
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