IS IT TRUE the Evansville City Council is expected to vote on the 2015 proposed budget next Monday night?…should the budget pass in its current form, the city could face more than 2.8 million dollars in spending cuts?…according to some of the more analytical members of the Evansville City Council there need to be at least $7 Million more in cuts to assure a balanced budget?…the reason for this chasm is the allegation that the Office of the Mayor has assumed a revenue level that is $11 Million into fantasy land?…Councilman Jonathan Weaver is indignant about the proposed $2.8 Million in cuts and has accused the conservative council members of micro management?…the CCO tends to agree with Councilman Weaver that it is not the place of the City Council to dictate small levels of spending?…the place where we disagree with Councilman Weaver is with respect to the revenue assumptions?…it is not micromanaging to demand accurate revenue projections from the Mayor who submits the budget?…the City Council is right to question the top line revenue number and failing to have done so for the past 3 years has depleted the reserves far too much?…step one has still not been made so what the council including Mr. Weaver should be concentrating on is a revenue number they can believe?…then and only then should the details of any cuts be on the table?…the first things cut should be anything that adds to the fun and games inventory?
IS IT TRUE that plans for a Meijer’s store to be built on North Green River Rd may have been cancelled or temporary postponed …according to a representative of the Meijer Corporate Offices who was recently contacted by CCO, presently there are no current plans to build a store in Evansville, IN in the near future?…no reason was given for the possible cancellation or delay of plans to expand in Evansville?…the planned “Hyper-store” was to have carried name-brand groceries, clothes, housewares, and a full “superstore” array of merchandise?
IS IT TRUE the City of Evansville could had lost approximately 150 full time and part time jobs if Meijer’s decides not to build in Evansville? …we wonder if any incentives were offered to this company by the City of Evansville, as is the case with the much-hyped 18 Mead Johnson jobs we heard about yesterday?…there seems to be a distinct geography that is associated with local government handouts in Evansville and that distinct “MOOCHER ZONE” is anything within a half mile of downtown Evansville?…the CCO understands the handout process and really has no problem with competitive incentives that do not practice geographic discrimination when they make economic sense?…paying incentives of $208,333 per job is never going to make sense but that is what was announced for the Mead Johnson 18 yesterday?…the federal stimulus even after accounting for total busts like Solyndra was better than that?
IS IT TRUE in the game of paying bribes to companies for jobs it is true that the higher the wage the more incentives can be justified?…this is the case because of the progressive nature of taxation?…for example one job that pays $1 Million will generate a substantially higher level of taxation than say 40 jobs that pay $25,000 each even though the income total to the community will be the same?…one person who makes a million bucks will most likely pay between $400,000 and $500,000 in total taxes while a group of 40 individuals making $25,000 each will pay less than 15% of their income in taxes with over half of that going to FICA?…given that taxing authorities are responsible for delivering service if faced with the choice of paying a bribe for a single job that pays $1 Million per year as opposed to paying a like amount for 40 jobs that pay $25,000 each the choice is crystal clear?…the better financial choice would be to provide one person with services as opposed to 40 if all things are equal?…of course doing the smartest financial thing would be held from the headlines because it would not play well to the crowd that is quantity focused with little care for quality?…in good economies the idea of buying jobs is considered absurd?