"The Official Portrait of Miss InDiana"

"The Official Portrait of Miss InDiana"
aka "Miss Victory"

Tuesday, November 27, 2007

Indy Tax Dollars offers awesome revenue generating ideas

Maybe the legislators will listen to an actual real economist for once, but we're not counting on it. They seem to think politicians (you know the ones who break the law and steal from us) make the most sense.

Anyway, Fred McCarthy the economics schooled editor of Indy Tax Dollars, offers some awesome out of the box suggestions for the pigs over at the Capital Improvement Board (The CIB). That's the group Bart Peterson's best friend, Fred Glass, was appointed to head. That's the buffoon that negotiated the Colts' stadium deal without factoring in the operating budget estimated at another $10 million hit on the taxpayers.

Not only that, but today Advance Indiana reports that we're picking up another $10 million of the cost of the new scoreboard at the stadium. Guess how much Ir$say pays? He's chipping in $1.75 million! Do you think the city will keep the majority of the advertising revenues generated on that scoreboard or will they go to that other little piggie, Ir$say?

Maybe the other Fred's ideas (the good Fred McCarthy) will take hold with the CIB. It's time the status quo changed around here!

STORY UPDATE FROM BART LIES:
Did you read the story closely? The taxpayer money is being siphoned off the 'contingency' money - that's supposed to be set aside for problems or unexpected additional costs associated with the project. That should NOT include 'oh we want to add some video screens.' THAT was simply a way to hide some of the cost of the project from front-end scrutiny. What's worse, suppose there IS a real unforeseen problem in the next 10 months? Oops, the contingency money is being spent for TVs. So sorry, just cough up some more tax dollars.

2 comments:

Bart Lies said...

Did you read the story closely? The taxpayer money is being siphoned off the 'contingency' money - that's supposed to be set aside for problems or unexpected additional costs associated with the project. That should NOT include 'oh we want to add some video screens.' THAT was simply a way to hide some of the cost of the project from front-end scrutiny.

What's worse, suppose there IS a real unforeseen problem in the next 10 months? Oops, the contingency money is being spent for TVs. So sorry, just cough up some more tax dollars.

colonist said...

If this is another cost overun taxpayers are hung for, businesses and pacs need to request free advertising on the billboard (ie. eliminate property taxes) on the digital cursor and flashing!