Wed October 16, 2013
JobsOhio Audit Encouraging Legal Foes
Opponents of the nonprofit job-creation entity JobsOhio believe wording in an independent audit provides new ammunition for their legal arguments.
Accounting firm KPMG deemed JobsOhio a "component unit" of the state of Ohio in the financial review released Friday. To plaintiffs in two separate lawsuits against Gov. John Kasich's signature economic program, that's proof JobsOhio is not private but is associated with the government.
That is a key distinction because Ohio's Constitution prohibits a private entity from using public money.
JobsOhio executives sought quickly to dispel those assumptions in the overview attached to the audit.
They say the designation as a "component unit" doesn't mean that JobsOhio is "a state agency or part of state government." They say it's merely an accounting term that "has no legal bearing."