❌ SB29
Allow municipalities create joint economic development district
Summary
The bill allows two or more municipalities in Ohio to create a joint economic development district without involving a township. This district is intended to facilitate economic development, job creation, and improve the economic welfare of the area. It includes provisions for the levying of income taxes within the district and requires public hearings and petitions from property owners before approval.
Rationale
The bill promotes government involvement in economic development through the creation of joint districts and the ability to levy taxes, which conflicts with the Libertarian principles of minimal government intervention and free markets. Both the LP and LPO platforms emphasize the importance of individual rights and minimal government control over economic activities.
Risks and Concerns
- Increased government control over local economies
- Potential for cronyism and favoritism in economic development
- Taxation without direct consent from all affected parties