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IS IT TRUE September 25, 2012

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The Mole #??

IS IT TRUE raises were a hot topic at the Evansville City Council meeting last night with the head of the Evansville Department of Metropolitan Development using the Cost of Living as a justification for some very nice raises that he was recommending for a few of his staff members?…it seemed as though he was asserting that Evansville has a higher cost of living index than Indianapolis?…The Southwest Indiana Coalition for Economic Development has a very comprehensive study of comparative cost of living available online so arguing the price of gas, electricity, and haircuts is a moot point when we have the data readily available?…that in the table Evansville is calculated to have a COL index of 93.8 while metropolitan Indianapolis scores a 94.4 which is less that 1% more than Evansville’s?…the real cost of living in Indianapolis and Evansville are virtually indistinguishable but are the highest among Indiana cities sampled by roughly 4%?…for comparing government salaries Indianapolis, Bowling Green, KY, and Baton Rouge, LA are all good comps with similar costs of living?…the following link will allow one to overdose on cost of living data for over 300 American cities so have at it if you wish?

http://www.southwestindiana.org/sites/default/files/COLIQ22012.pdf

IS IT TRUE at last night’s City Council meeting the previously discussed 20%+ raises for a select group of 11 City of Evansville employees when the rest of the employees were recommended for a 3% raise fractured the members of the Council at a 5 – 4 vote?…Councilman Dan McGinn offered up a compromise that limited raises to 9.9% as opposed to the truly excessive raises that were recommended for the GILDED GROUP OF 11 who seem to have been singled out for great big increases without any real data to support such increases?…opposition to the large increases for the GILDED 11 even got Council members Missy Mosby and Al Lindsey to agree?…Mosby and Lindsey were joined in their opposition by Councilman Dr. Dan Adams and Councilwoman Stephanie Brinkerhoff-Riley?…Councilman Conor O’Daniel who changed his vote to ratify the Earthcare Energy loan of $4.8 Million earlier this year tried to sympathize with the opposition while voting to give the GILDED GROUP OF 11 the raises once again flipped, flopped, and commiserated with one side before voting as Mayor Winnecke wished for him too?…the City Council also voted to take no raise themselves and to give Mayor Winnecke no raise even though they were in line for a 3% increase as well?..that support for the raises was cited by Councilwoman Connie Robinson as a way to keep good employees?…the GILDED GROUP OF 11 were just hired so that argument while valid to open up salary brackets does not hold water in this particular instance?…the committee that recommended the raises in the first place included three members of the Evansville City Council named Robinson, John Friend, and Dan McGinn?…these three votes would seem to be in the bag for their own recommendation?

IS IT TRUE all governments including Evansville need to have talented people?…the current situation with the federal government where government officials have gotten annual increases that put them in standard non super-star positions at over $100,000 per year when their skill would not command even half that in the free market is a testament to government needing to continually adjust salaries?…that when a secretary working for the federal government makes over $100,000 while a similar position in the private sector is only making $40,000 we all have a problem?…that the City of Evansville does need to review all of the positions and make adjustments where necessary to be competitive without being excessive when it comes to pay?…that it is possible that the GILDED GROUP really were all underpaid but that is quite improbable?…it is possible that the entire remainder of the staff performs equally and are all paid correctly and that an across the board 3% increase really was the right thing to do?…for 700 or so human beings to all be exactly the same place in their performance and value is as preposterous as having a real GUILDED GROUP of 11 that are vastly underpaid?..the compensation packages at the City of Evansville after this fracturing exercise in favoritism is still as messed up as ever and that the City Council, Mayor Winnecke, and the Department Heads all get an F for letting this game play itself out without putting a lasting solution into place?…the CCO predicts that next year will bring another GUILDED SMALL GROUP and we shall see another fractured City Council?

IS IT TRUE we expect this exercise in fractured government and favoritism will play into how some people will vote in the upcoming consolidation vote?…the comments thus far do not look good for the YES group?…that when resistance to change is codified by the self proclaimed agents of change outsiders understand how Evansville continues to be governed straight into the Dark Ages?…this is no way to run a city?

VANDERBURGH COUNTY FELONY CHARGES

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VANDERBURGH COUNTY FELONY CHARGES

This feature is sponsored by Chris Walsh For Vanderburgh County Clerk. Chris Walsh is a veteran county administrator that strongly supports our local law enforcement professionals . Chris Walsh is a candidate that possess a non-partisan attitude with a consumer friendly demeanor. Chris also stands against unification of city and county governments.

This ad paid for by the committiee to elect Walsh Clerk.

VANDERBURGH COUNTY FELONY CHARGES

Evansville, IN – Below is a list of felony cases that were filed by the Vanderburgh County Prosecutor’s Office on Thursday, September 20 and Friday, September 21.

Ashley Barton Theft – Class D Felony

Keith Borst Possession of a Controlled Substance – Class D Felony

Dearion Cabell Battery Resulting in Serious Bodily Injury –Class C Felony

Douglas Crenshaw Domestic Battery – Class A Misdemeanor
(Enhanced to a Class D Felony due to Prior Convictions)

Austin Pam Criminal Recklessness – Class D Felony
Possession of a Controlled Substance – Class D Felony
Carrying a Handgun Without a License – Class A Misdemeanor

Justin Pickens Battery Resulting in Serious Bodily Injury – Class C Felony

Angela Postin Theft – Class D Felony
Attempted Theft – Class D Felony

For further information on the cases listed above, or any pending case, please contact Carly Settles at 812.435.5688 or via e-mail at csettles@vanderburghgov.org.

Under Indiana law, all criminal defendants are considered to be innocent until proven guilty by a court of law.
SENTENCE CHART

Class Range
Murder 45-65 Years
Class A Felony 20-50 Years
Class B Felony 6-20 Years
Class C Felony 2-8 Years
Class D Felony ½ – 3 Years
Class A Misdemeanor 0-1 Year
Class B Misdemeanor 0-180 Days
Class C Misdemeanor 0-60 Days

IS IT TRUE September 24, 2012

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The Mole #??

IS IT TRUE September 24, 2012

IS IT TRUE this is the week that the rubber meets the road for the funding of the Evansville Human Relations Commission?…it seems as though the Vanderburgh County Commissioners are following through and reducing their contribution to the 9% level that they have been contractually on the hook to pay for many years now?…this whole brouhaha has exposed that the County has been overpaying for longer than anyone can count and no one knows why?…it has been reported that over a period of 8 years in which the HRC spent nearly $4 Million in taxpayer dollars to operate their investigators took on 1,500 cases of which only 5 resulted in probably cause of discrimination?…with a ratio like that and a cost this high ($800,000 per probably cause) it is the overall budget that should be under the microscope as opposed to the percentages that the City and County pay?…with less than 1 probable cause per year it seems as though a more appropriate budget for the HRC would be what is needed for one investigator as opposed to six?…that oftentimes governments are absolutely reluctant to cut anything at all for the sole reason that elected officials do not like the scrutiny that comes from cutting budgets of these so called “necessary” offices?…somewhere in the bowels of the federal government there is a civil servant earning over $100,000 per year to taste tea?…the tea taster is not needed, wastes taxpayer money, but is defending his or her job as vital?…it is time for Evansville to examine the size of the need for the HRC and to make cuts where cuts are needed just like the federal government should with tea tasters and other unnecessary and unproductive legacy jobs?

IS IT TRUE that several of our moles tell us that the State of Indiana has interpreted candidacy laws in favor of Karen Ragland and that the teacher from the Joshua Academy is eligible to run for school board after all?

IS IT TRUE the building of 40 more Front Door Pride houses is proceeding just as the Weinzapfel Administration planned for it too?…there are still at least 6 of the original 17 Front Door Pride houses on the market for $130,000 after taxpayers spent over $200,000 each to build them?…keeping the utilities on so the pipes do not burst and mold does not set in is in all likelihood costing the people of Evansville something like $2,500 per month just for these 6 empty houses that no one is coming forward to buy?…with such a demand no sane business would dare expand such a program without FREE GOVERNMENT MONEY to pay for them?…these next 40 houses are not only being built by a Cleveland based business using mostly out of town labor but that the United States government is footing the entire bill through TAX CREDITS that are reportedly at the level of $10 Million?…that means taxpayer dollars are dropping another $250,000 per house to build houses that are next to crack houses and abandoned buildings that essentially have no value at all?…not to worry because these 40 houses will be rental houses that have rents that start at under $300 per month and scale up to $700 per month depending on the tenant’s income?…that FAIR MARKET RENT in the real world for a structure that costs $250,000 is more like $2,000 per month?…if one want to see GOVERNMENT WASTE IN ACTION, then one needs to travel no further than the Goosetown area of Evansville, IN where taxpayer dollars have fuelled a building binge of $250,000 houses that would not have a vibrant market unless the prices were dropped to under $100,000?…no wonder our country is in debt nearing the point of GREECE, IRELAND, PORTUGAL, and ITALY?

IS IT TRUE that if this company from Cleveland is so intent on taking $10 Million off of the hands of our government to get some houses in Evansville that they should start by buying the 6 remaining Front Door Pride houses from the City of Evansville for $250,000 each?…that would at least take these houses out of the hands of poor management and into the hands of uncertain management?…the legacy of waste and idiocy continues?

Wandering Owl Wine & Beer Trail

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October 20th,2012
from 3 p.m. to 6 p.m.

Presented by Evansville Commerce Bank

There’s no better way to experience Southwestern Indiana’s most beautiful fall destination than by spending an evening at this “earthy gala.” This event will give patrons a chance to stroll along the network of trails that surround our Nature Center, all the while enjoying food and beverages from local restaurants. Sample a variety of beers and wine from around the tri-state. Food will be provided by local dining establishments, along with a gourmet s’mores station. In addition, a silent auction will be taking place inside the Wesselman Woods Nature Center and will include an assortment of items graciously donated by area businesses and individuals.

The evening will include a casual atmosphere featuring live music by Andy Norvell. Reservations can be made by calling Wesselman Nature Society at (812) 479-0771 ext. 107. Tickets are $35.00 in advance, $40.00 at the door. All proceeds will help Wesselman Nature Society accomplish its mission of serving as a catalyst for environmental stewardship, regional sustainability and improved quality of life through conservation, preservation, research and education.

For more information, visit http://www.wesselmannaturesociety.org/events/wandering-owl.php

Art Rental: Generating an Income from Fine Art

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By: Nicholas Forrest, Art Market Analyst

Did you know that there is a way to get a guaranteed and immediate return from art? As art investment becomes more popular and a more widely accepted form of investment, different ways of generating returns from investing in art are becoming available. A recent addition to the options available to art investors is art rental which is one of the fastest growing vehicles for investing in art because it solves the problem of illiquidity which is usually associated with art investment by using the artworks to generate an income for the owner.

Art rental basically involves a gallery or broker selling you a portfolio or piece of art which is then rented out to the corporate sector on your behalf giving you a return which is usually underwritten and usually between 5% and 9% a year for up to 3 years. This means that you can invest in art and get a guaranteed return while you take advantage of the capital appreciation. Once the rental period is over you should get the option of either taking collection of the artworks, selling the artworks, or going back into the rental program and continuing to earn a return.

The gallery or broker that sells you the work will rent your artwork out to businesses and organisations for them to put in their offices and boardrooms, etc. and will take a small cut of the rental fees they charge them, passing on the rest to you. Before signing on the dotted line you should first get any agreements looked over by a lawyer and make sure that the artworks will be fully insured at all times (usually at the expense of the gallery/broker) so that there is no risk to you should anything untoward happen to your artworks while they are being rented out.

Many people ask me why the corporate sector would rent artworks for their offices rather than buy them, well, there are several reasons. The first reason is that often a company cannot justify purchasing artworks to their board or investors. Secondly, renting artworks allows the company to change the artworks they are displaying every so often without cost to the company and the final reason is that there may be tax breaks involved for the company by renting art.

This concept may seem rather complex but it is in fact a very, very good idea which many people have. A number of people have also used their superannuation money to invest in art rental as well but as with any investment you should seek the advice of a financial adviser become making any commitments.

Editor’s Note: Using the average estimate of 7% and the estimated value of the Evansville Picasso of $40 Million, the Evansville Museum could earn nearly $3 Million per year by retaining ownership of the Picasso and renting it to big museums. Is this option even being considered?

Brandies University gets it, why can’t Evansville?

http://www.boston.com/bostonglobe/editorial_opinion/editorials/articles/2010/06/06/brandeis_renting_out_art_for_arts_sake/

Romney Releases Summary of 20 Years of Tax Returns with 2011 Tax Return in Full Coming at 3 PM.

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Mitt Romney and his wife, Ann, paid an effective tax rate of 14.1% for 2011—roughly in line with other recent years—the campaign said in a blog post aimed at defusing criticism of the wealthy candidate.

The 2011 return reportedly will show that the Romneys paid $1,935,708 in tax on income of $13,696,951 for 2011, most of it investment returns, the campaign said. Investment income often is subject to special low tax rates; the current top rate for capital gains and dividends is 15%.

The campaign also released a letter from accountants reviewing the Romneys’ taxes during the 20 years between 1990 and 2009. In a summary, the campaign said that in each year during the 20-year period, the Romneys owed both state and federal income taxes, and paid an annual effective federal tax rate of 20.2%. The Romneys’ lowest annual effective federal personal rate during the period was 13.66%, the campaign said.

The letter from the accountants also shows that over the 20 year period, the Romneys gave to charity an average of 13.45% of their adjusted gross income. Over the period, the total of their federal and state taxes plus the total charitable donations amounted to 38.49% of their adjusted gross income.