Innovative Financial Strategies for a Safer, Smarter and Stronger Ohio
STANDARDIZE THE USE OF SOCIAL IMPACT BONDS IN THE FIGHT AGAINST DRUG ADDICTION
As State Representative and a leader in the House on opioid issues, Robert Sprague has firsthand experience with how policymakers at every level of government are struggling to save lives as Ohio sits at the epicenter of the national drug addiction epidemic. Social Impact Bonds (SIBs) are an innovative financing tool that fosters partnerships between the public and private sectors, where the private market develops new programs, but the public sector only pays if the new programs can be proven to deliver results. Robert Sprague is proposing the standardized use of social impact bonds to bring the private sector to the table in a meaningful way and introduce a new funding stream to the treatment effort that is not reliant solely on taxpayer dollars.
CREATE A SMART OHIO CHECKBOOK
Robert Sprague knows that increased transparency leads to greater accountability and he applauds Treasurer Josh Mandel for taking the first step in giving the public access to how their tax dollars are spent through the creation of Ohio’s Online Checkbook. Now, Robert has a plan to take this tool to the next level by further expanding the scope and capabilities of the program – creating a SMART Online Checkbook. Drawing upon his private sector experience as a business and financial consultant for one of the “Big Four” accounting firms, Robert will empower taxpayers to use the data to benchmark spending, make comparisons across agencies and better identify government efficiencies (or inefficiencies). Furthermore, Robert will work to increase participation in the program so that all Ohioans have a window into spending at every level of government.
IMPROVE FINANCIAL LITERACY PROGRAMS TO BRIDGE THE SKILLS GAP AND CURB STUDENT LOAN DEBT
Americans have taken on a record $1.48 trillion in student loan debt – which is more than two and a half times what they owed a decade earlier. As a father of five, Robert Sprague knows our children need access to the type of quality higher education and job training opportunities that cultivate their individual talents and set them on a path to future success. Whether that means enrolling in a four-year university or a skilled-trade vocational program, Robert will work to implement improved financial literacy programs to ensure that our high school students know their options and have a clear understanding of the real-world implications of their choices before these major life decisions are made.
HELP INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES BY EXPANDING THE STABLE ACCOUNT PROGRAM
Robert Sprague believes that people with developmental disabilities should have the same opportunity to derive purpose from work as the rest of us without putting the benefits they depend on in jeopardy. Ohio’s groundbreaking STABLE Account Program was established to help achieve this objective and has the power to make a positive impact on the lives of people with disabilities across our country. As Treasurer, Robert will not only endeavor to actively promote the program nationwide but will also make sure families right here in our state are educated about how to take advantage of this innovative financial tool for the benefit of themselves and their loved ones.
PROMOTE PUBLIC-PRIVATE PARTNERSHIPS TO OVERHAUL OUR AGING INFRASTRUCTURE
Across our country and right here in Ohio, our roads, bridges, airports, and ports are crumbling, putting us at a competitive disadvantage with the rest of the world. President Trump and our leaders in Washington recently helped bring greater awareness to this critical issue – but it’s incumbent upon us at the state level to get it done. Robert Sprague knows this burden can’t solely be shouldered by taxpayers, which is why has a plan to encourage private investment in public infrastructure projects by creating a bureau of excellence for P3 (Public-Private Partnership) deals in Ohio. This effort will strengthen Ohio’s ability to make meaningful and cost-effective improvements in our aging infrastructure.