State Representative Lou Terhar (R-Cincinnati) today announced that the Ohio Legislative Service Commission is accepting applications for its 13-month Legislative and Telecommunications Fellowship Program. The Commission will hire 24 fellows to work with members of the Ohio General Assembly during 2017.
As we reflect on our state’s financial health, it is impossible not to consider our society’s recent financial and credit crisis. We saw record levels of mortgage loan foreclosures, predatory lending, personal bankruptcies, and excessive credit card debt. The problem is especially critical in Ohio, where the state is ranked fourth for worst financial literacy in the country, we have the sixth highest proportion of college graduates with student loan debt, and our average defined contribution retirement account balance is 33rd in the country at just $27,500. The need is clear for financial education in Ohio.
As the holiday season approaches, I find myself reflecting on the work that has been done this year in the Ohio House of Representatives. I am grateful to serve in the House as the Chairman of the Financial Institutions, Housing, and Urban Development (FIHUD) Committee. This year, FIHUD has considered meaningful legislation that positively affects the lives of Ohioans, and has recommended that legislation for passage by the House.