In a survey published by Scioto Analysis this morning, 20 of 23 Ohio economists agreed that the state government would optimally invest more than the proposed $1 billion in COVID relief in the form of support for small businesses, bars and restaurants, local infrastructure, and residential broadband.
In comments, economists highlighted the options for financing, with some saying federal support is a key consideration and some pointing to Ohio’s $2.7 billion rainy day fund, which has not been used yet during this recession. Other economists emphasized the importance of education and statewide broadband connectivity. Those who were uncertain or disagreed with the statement noted the insufficiency of state funds alone and the importance of targeting of funds to investments like infrastructure.
The Ohio Economic Experts Panel is a panel of over 40 Ohio Economists from over 30 Ohio higher educational institutions conducted by Scioto Analysis. The goal of the Ohio Economic Experts Panel is to promote better policy outcomes by providing policymakers, policy influencers, and the public with the informed opinions of Ohio’s leading economists.
If you would like to suggest a question for a future Ohio Economic Experts Panel, email your ideas to panel@sciotoanalysis.com.