Fiscal Note & Local Impact Statement

124 th General Assembly of Ohio

Ohio Legislative Service Commission

77 South High Street, 9th Floor, Columbus, OH 43215-6136 ² Phone: (614) 466-3615

² Internet Web Site: http://www.lsc.state.oh.us/

BILL:

H.B. 498

DATE:

February 19, 2002

STATUS:

As Introduced

SPONSOR:

Rep. S. Smith

LOCAL IMPACT STATEMENT REQUIRED:

No —

Permissive

 

CONTENTS:

Designates a portion of Interstate Route 490 as the "Troy Lee James Highway"

 

State Fiscal Highlights

 

STATE FUND

FY 2002

FY 2003

FUTURE YEARS

Highway Operating Fund Group

     Revenues

- 0 -

- 0 -

- 0 -

     Expenditures

Potential $400 increase

 

- 0 -

Note: The state fiscal year is July 1 through June 30. For example, FY 2002 is July 1, 2001 – June 30, 2002.

 

·        Signs may be placed by the Ohio Department of Transportation (ODOT) at an estimated cost of $200 per sign outside municipal boundaries. Two signs are usually erected.

Local Fiscal Highlights

 

LOCAL GOVERNMENT

FY 2002

FY 2003

FUTURE YEARS

City of Cleveland

     Revenues

- 0 -

- 0 -

- 0 -

     Expenditures

Potential $400 increase

- 0 -

- 0 -

Note: For most local governments, the fiscal year is the calendar year. The school district fiscal year is July 1 through June 30.

 

·        Signs may be placed by the City of Cleveland on the portion of the highway running through its municipal boundaries at an estimated cost of $200 per sign. Two signs are usually erected.

 

 

 

 

 

Detailed Fiscal Analysis

 

State and local government may experience minimal costs due to the erection of signage along   I-490 between the intersections of  I-71 and I-90 in the west, and I-77 in the east. Signage erection and maintenance is permissive for the City of Cleveland which has such portions of I-490 running through its boundaries. Signage may be erected and maintained by ODOT at all other locations of I-490 outside these municipal boundaries. Costs for signage are estimated at $200 per sign. At one location two signs are usually erected, one in each direction, for a minimal total of $400 paid by either the state or the City of Cleveland. 

 

 

 

 

LSC fiscal staff:  Jonathan Lee, Budget Analyst

 

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