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House Approves Third Frontier Ballot Plan
By a bipartisan 85-13 vote, the House on Wednesday, Jan. 13, agreed to put a proposal on the May 4 primary ballot to renew the Third Frontier high tech economic development program.
The proposal calls for the state to issue $950 million in bonds over five years. Democratic Gov. Ted Strickland and House Speaker Armond Budish, D-Beachwood, had advocated a $1 billion bond plan but Republicans wanted a smaller amount.
The proposed constitutional amendment now goes to the Senate.
It takes 60 votes in the 99-member House and 20 votes in the 33-member Senate to approve putting a constitutional amendment on the ballot. The governor’s signature is not required.
The Third Frontier provides money to businesses and universities for research aimed at developing technologies and products and creating jobs. It has created or retained 48,000 jobs so far, according to a state report.
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So does this rapid dispensation of the Third Frontier issue mean the State House might actually act in time to get redistricting reform on the May ballot?