JobsOhio Turns Over Financial Records to Auditor

By On March 19, 2013 · 14 Comments

After a long battle, JobsOhio has turned over its financial records to the Ohio State Auditor for review.

Yost has been under constant pressure from the Governor and legislative Republican leaders o back down on his request to audit the financial records of JobsOhio.   Joe Hallett recently reported that Matt Borges, Yost’s former campaign manager and soon-to-be Chairman of the Ohio Republican party, was also pressuring the Auditor to stand down.   In 2004 Borges pleaded guilty  to steering state investment business in exchange for campaign donations.

JobsOhio has received millions in state grants in addition to the original $1 Million allocated by the state.  It has also received $7 million in secret private donations.  Based on the JobsOhio bond circular, Plunderbund has calculated that JobsOhio stands to receive nearly $6 Billion in state liquor profits over the lifetime of its lease with the Ohio.

According to Gongwer, JobsOhio now plans to return the $1 Million it received from the state.   Needless to say, they should have plenty left to continue the extravagant company lifestyle established in 2012.

Last year, JobsOhio spent $3 Million on salaries for its 22 employees who also racked up another $150,000 in travel costs.   According to a report by Innovation Ohio, JobsOhio also spent $367,000 for office remodeling and $362,000 for office furniture last year.  That works out to $16,455 per employee just for furniture!

A letter sent with the financial records reiterates that JobsOhio believes their records should remain secret and not publicly audited.

Ohio law created specifically for JobsOhio exempts its records from public records laws  ”regardless of who may have custody of the records”.

For weeks we’ve been pushing for a public audit of JobsOhio – a power Ohio law specifically grants to the Auditor of State.   We’re happy things are moving the right direction.

JobsOhio is slated to received billions of our dollars.  We deserve to know how they are being spent.

 

 

 

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  • westparkguy

    When an organization like JobsOhio, says it plans on returning the 6 million dollars in public money, you know there has to be a catch.

  • RJKIN

    Ohio’s first state economic development agency was created in the 1970′s under Gov. Rhodes. Since that time, Ohio has created thousands/millions of jobs while operating under the authority granted by law to the State Auditor to follow the public money trails. Kasich and Jobs Ohio propagandize that such openness threatens business expansion in Ohio. That is a fallacy. The true threat is to Ohio taxpayers and, potentially, to our whole concept of government by the people. Shall it be, government by the corporations?

  • dmoore2222

    This smells like a whitewash: Give us your records and we’ll give you a glowing audit result. C’mon. Yost was already gonna make a deal to keep the audit secret for 5 years. What’s that all about? You’re telling me if they found criminal activity nothing would be done for 5 years? What makes him think he has the authority to make a deal in the first place? Sorry but this situation is not worthy of the public trust.

  • http://www.facebook.com/people/Carrie-Preston/100000765994211 Carrie Preston

    Carrie Preston • a minute ago
    If you take the total $ that has been spent on jobs Ohio and put it
    toward the salaries of teachers laid off by budget cuts to the schools.
    You could say 55.000. per teacher(I know that is not including the cost
    for their insurance etc… ) you would recreate over 213 jobs. Has jobs
    Ohio created that many jobs yet?

  • http://www.facebook.com/denise.delotell Denise DeLotell

    I agree Carrie–and even Batchelder now criticizes Yost for doing his job–the teachers,police,firefighters, and all other citizens should be realizing that 2014 can’t get here soon enough–they are underhanded crooks–Batchelder said when he was a judge that the Auditor has the right to pursue what is being done with Public $’s–now Batchcook and Faber want to say Yost is wrong–they just can’t stomach another Republican actually having ethics!!

  • http://twitter.com/Think270 Think.

    Unfortunately, with the American Legislative Exchange Council (ALEC) controlling Ohio’s legislative process, “government by the corporations” is already here.

  • http://www.facebook.com/people/Ivan-Stithem/100002346226282 Ivan Stithem

    This is just one of the reason that goverment in this country is looked down on from the people.Kasich has a history of being looked down on for his shady deals.2016 we will get read of him,vote him out.

  • http://www.facebook.com/jim.miller.121398 Jim Miller

    you mean 2014…

  • http://www.facebook.com/people/Carrie-Preston/100000765994211 Carrie Preston

    Yep my ballet is already written out and Kasichs name is not on it. Neither is any other Republicans.

  • dmoore2222

    As they say, democracy dies in the dark.

  • scunningham1951@yahoo.com

    Good News that records are being turned over for Audit!! Bad News is that a Republican is Audiiting the records!! Real Bad News is that there will be “Lehmann Brothers” Accounting practice in the records!!! Also how much has Dana “Buck Stops Here” Rienheart received for the “Bob Evans Deal!”

  • scunningham1951@yahoo.com

    Remember Republicans Motto in Election year 1994? “Contract with America!”?? really was “Contract on America!” now the “Pledge to America” is more like their “Marriage Vows!”

  • sunlightisbestdisinfectant

    If you need anymore reasons why this group needs oversight,
    this paper broke the story that James Leftwich, while serving on the jobsohio
    board and as $120k state employee, also was earning $90k to consult on the side for the purpose of helping wright state obtain state funding that he had
    influence on. I can’t understand how this person is not in jail. Here is the
    article from the Dayton Daily news which broke this story… http://www.daytondailynews.com/news/news/state-regional-govt-politics/ex-state-official-loses-job-in-ethics-flap/nTCqc/

  • http://plunderbund.com Joseph

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