OH Governor Approves Capital Budget

While inflation is raging harder than a frat bro at a festival, Ohio is spending some major cash-eesh.🙆💸 The Buckeye State just got itself $3.5 billion in funding for various projects over the next couple of years.

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Ohio usually borrows money to fund their major projects, but not this time. Governor DeWine says he plans on paying for most of the plans with cold hard cash. 💰 Moolah. Bacon. Benjamins. Buckerooskis. Too much?

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 Here’s Five Fast Facts about where the money's going:

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1. 🚧 Safety Dance - Ohio jails are getting $400 million for safety and security upgrades and to replace old buildings. Schools are also getting $100 million in safety grants.
2. 🏡 We Built This City - The money has allowed the Ohio Department Developmental Disabilities to authorize the purchase of 62 homes, construction of 15 new homes, and renovations in 344 existing houses.
3. ⛺ Parks & Rec - $515 million is going towards improvements in Ohio state parks, making it the biggest investment of its kind! Speaking of improving state parks, check out what's already underway at Cuyahoga.
4. 💻 We Got The Intel - Several sewer and road improvement projects are tied to Intel's new facility. Gotta literally pave the way for what officials are hoping to be an economic boom for the state.
5. 💪 Straight Flexin' - Daddy DeWine says that paying in cash instead of borrowing gives the state flexibility as interest rates continue to rise.

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🔥Bottom line: With interest rates climbing higher than an ultimate ninja warrior trying to beat the clock, cash is king. And it looks like Ohio will be able to do some really great stuff with their pot o' gold. The icing on this cash cake is that by using cash, the state will also be saving taxpayers over $1.6 billion. Woohoo! 💃

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