Statement from Ohio Treasurer Robert Sprague on the Passage of State Budget
COLUMBUS – Ohio Treasurer Robert Sprague released the following statement regarding the passage of House Bill 110, the biennial budget bill. The as-passed budget includes $1.2 million for a pay for success project to be run through ResultsOHIO with the Foundation for Appalachian Ohio. The following statement can be attributed to Treasurer Sprague:
“I applaud Speaker Cupp, Senate President Huffman, and members of the General Assembly for passing a budget that makes important investments in Ohioans and our state’s future. Our office is pleased to see legislators enlist the ResultsOHIO program to help bolster vision services among young Ohioans in Appalachia.
“By leveraging ResultsOHIO and taking a pay for success approach, we have the opportunity to better serve students across the 32-county region while also protecting public dollars.
“We look forward to working with the Foundation for Appalachian Ohio and its partners to develop and structure the contract, get the project off the ground, and ultimately measure the initiative’s results.”
With the goal of increasing vision services to students at Title I schools in Appalachian Ohio, the Foundation for Appalachian Ohio will partner with Vision to Learn and the Ohio Optometric Foundation’s iSee program to launch a mobile vision clinic. The clinic will travel to high-need areas across the 32-county region to increase vision services for students and remove barriers to receiving eye exams.
ResultsOHIO is a program within the Treasurer’s office that enables policymakers and innovators to pursue pay for success projects aimed at tackling the most pressing social and public health challenges facing Ohio. It protects taxpayer dollars by focusing on bold, new results-based ideas. Public dollars will be used to reimburse project costs if it is proven to deliver real results at its conclusion.
More information on ResultsOHIO and the Foundation for Appalachian Ohio’s feasibility report can be found at www.results.ohio.gov.
Robert Sprague became Ohio’s 49th Treasurer of State on January 14, 2019, bringing to the office his extensive experience working on financial matters in both the public and private sectors. Under Treasurer Sprague’s direction, the office manages the state’s $29 billion investment and $11 billion debt portfolios, collects and deposits all state revenues, and oversees custodial assets.