...how we change political parties in the mayor’s chair and still get the same irresponsible financial decisions?
The current mayor is, following in the footsteps of his predecessor, supporting the Red Line. This is the $100 million boondoggle through the center of the city which is alleged to benefit those who need mass transit.
And he is now suggesting a further increase in the size of the downtown Tax Increment Finance (TIF) district. It is apparent that Indianapolis is soon going to be a city where the "downtown" extends all the way to the city limits.
Well, why not? Why not go all the way and make Marion County one big TIF district? That way all "incremental" property tax increases can go directly into the slush fund. No worry about funds coming from here but spent there!
It seems nobody cares about the funds which will be siphoned away from, and thereby short-changing, public safety, parks, schools, etc.. We can fund important, needed legitimate municipal functions - and transit fantasies - with income tax increases, and the mayor can continue to subsidize real estate developers with "incremental" property tax increases.
One of the "needed" TIF areas said to be ripe for infrastructure financing is the old GM stamping plant on the west side of the river. Allegedly no plans in sight. Just an effort to "stay ahead of the game."
We might be too cynical, but we do worry that the "game" involved is soccer and that any new infrastructure will coincidentally be a good fit for another professional sports palace.
Surely we can count on the CIB to take care of that. That won’t be property or income tax money. Just another buck or so on the price of your dinner when you eat out.
Well, we might have to bump the "Food and Beverage Tax" another penny. But you’ll never miss it.
Isn’t it nice that the politicians do attempt to make the assault on taxpayers as painless - and invisible - as possible.?