Council Approves Bond Sale, Repeals Three Tax Breaks

May 20, 2014

Columbus City Council last night approved the sale of 485 million dollars worth of bonds to fund infrastructure projects.

City auditor Hugh Dorrian says the sale of the bonds approved by voters begins on June 11th.

Council also voted to dissolve tax breaks for three companies that failed to create the 366 jobs required by the deals. The breaks were for Citi Fund Services Ohio, Metro City Ventures, an affiliate of a Columbus real-estate developer, and educational services firm Southwestern Acquisition.