RSS
Signs of Armageddon
It appears that the Mayor of Indianapolis is proposing a reduction in the County Option Income Tax. A couple months ago, the State relieved the city of the burden of financing the police pensions and child welfare. As a result, the county no longer has any need to collect the tax which funds those items. Unbelievably, it appears this tax may actually go away. If so, I have to think this might be the first tax that was ever imposed in the history of government that was subsequently eliminated when its raison d’etre ceased to exist.
Maybe I missed the story, but I believe we are still paying the “temporary” tax to build the Hoosier Dome aka RCA Dome aka soon-to-be parking lot for Lucas Oil Stadium (if someone knows, I’d love to hear). If so, maybe Mayor Ballard could dig through the bag of other “temporary” taxes to see if there are others that have lost their justifications.
On the heels of the people of Marion County somehow voting to increase our property taxes (see my rants here, here, here and here) by allowing Indianapolis Public Schools to levy on our property with a bond issue which is not subject to the proposed constitutional caps, this is indeed refreshing news. You can only imagine how frosted I was that the bond issue was passed. I was slightly depressed about Obama’s win; but, downright livid about the bond issue.
Kudos to Mayor Ballard. More like this.
November 14th, 2008 at 7:10 pm
Did the bond vote pass by a margin in excess of the “invisible” voters in Marion county? Seems you guys are trying to rival Chicago and New Orleans in voter fraud an corruption!
November 14th, 2008 at 7:22 pm
The bond vote won 72% of the vote. It wasn’t even close.
November 14th, 2008 at 7:24 pm
that makes you wonder if people don’t understand that a bond is a loan or if people are just that pie-in-the-sky stupid.
November 14th, 2008 at 7:34 pm
The worst part about it was that the bond was supposed to be used to put air conditioning into 32 buildings – at least of which the school district has now announced will be closed at the end of this school year. I think people realize that a bond is a loan, which leaves only one option…