NE Franklin News

The City of Columbus has proposed a $1.9 billion bond package aimed at financing capital improvements across the city without increasing taxes. Mayor Andrew J. Ginther plans to present Resolutions of Necessity to the Columbus City Council, marking the initial step toward placing five bond issues on the ballot for November 4.

A significant portion of this bond package, $500 million, is earmarked for affordable housing. This follows previous bonds in 2019 and 2022 valued at $50 million and $200 million, respectively. "One of the most powerful ways we can address our housing crisis is to get shovels in the ground and build units for Columbus residents struggling with housing instability," said Mayor Ginther. He highlighted that past affordable housing bonds have facilitated the construction of over 4,000 rental units, including more than 630 units of permanent supportive housing.

The proposed measures would permit Columbus to sell bonds to investors, using proceeds for infrastructure improvements such as police and fire facilities, road resurfacing, community centers, parks, pools, and water and sewer systems. The city plans to repay this debt using 25% of income taxes collected and a portion of utility bills over terms ranging from five to 20 years. Notably, since 1956, Columbus has not needed alternative funding sources to repay its bonds, allowing it to invest in infrastructure without raising property taxes.

"Columbus is a growing city with growing needs," stated City Council President Shannon Hardin. "This bond package ensures we’re not just keeping up—we’re planning ahead, investing in the infrastructure and services that will support our residents today and for generations to come."

Residents will vote on this package during the general election on November 4, 2025. Further details are available at columbus.gov/bonds.