OH HB662

Enacts section 5705.223 of the Revised Code to allow municipal corporations and joint recreation districts to propose a single ballot question combining a general obligation bond issue for parks and recreational facilities with a separate property tax levy for parks and recreational purposes.

Requires the taxing authority to adopt a resolution or ordinance stating the necessity and purpose of the bond issue, election date, bond amount, interest rate, repayment period, and tax information, then certify it to the county auditor for tax rate estimation.

Mandates a second resolution or ordinance declaring that taxes within the ten-mill limitation are insufficient, specifying the county auditor's estimated average annual property tax rate for bond debt service and the proposed parks and recreation tax rate and duration.

Requires the board of elections to submit the combined question to voters as a single ballot question at least 90 days after certification, with publication in newspapers and on the board's website, and specifies the required ballot language and election notice content.

Upon majority voter approval, authorizes the taxing authority to issue bonds and levy property taxes for debt service and parks and recreational purposes, with provisions for issuing anticipation notes and renewal or decrease of the parks tax levy.