Ohio Issue 4 (1975)
From Ballotpedia
Ohio Issue 4 (1975) was a measure regarding rail systems. This ballot measure was referred to the ballot by the Ohio State Legislature. It failed, with 35.1% of voters in favor.
Text of the proposal
To permit the state, or any city, village, county, township or regional transportation authority to give or loan its credit to aid federal corporations and state agencies for reorganization of rail systems in the state. Laws may be passed to reduce the taxation on property used to provide the state with rail transportation service and to permit the state to reimburse local governments for revenue lost as a result of such tax reductions. Moneys raised by taxation shall not be obligated or pledged for the payment of bonds or other obligations issued pursuant to this section (Art. VIII, Sec. 14) [1]
