Jobs, Living Wage Jobs and other tales

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Muncie City Seal copy
City of Muncie Government upside-down

 

Madjax gets city money

Mayor Dennis Tyler is finally realizing his decade of campaign promises:  “Jobs, Living Wage Jobs.  Begining in 2006 and every campaign thereafter, Dennis Tyler promised jobs.  Not just jobs but Living Wage Jobs.

With a mere $4.5 million dollars of tax dollars (most of what came from his tax increase of 2015) Tyler is going to do what Muncie Community School and Ivy Tech can’t do.  He is going to provide job training.

Yes, folks, that’s correct.  Job training.

The best part and you can’t miss the financial genius behind it, the $4.5 money will pay off the $1 million debt owed from the revolving loan the city set up for Madjax..  So, it’s not a total boondoggle.    We get our $1 million back and they get out of debt with more money to spend.

I know we can all be happy, knowing our tax dollars are going into a training program.  Ivy Tech should just close their doors.

While the six Democrat council members, Mayor Tyler and Todd Donati put their collective minds together to find a selling point on this bond…they came up with JOB TRAINING.    Funny, we never so much as heard of job training….

You know Powell thinks we’re stupid because she made an effort to let the press know how she “struggled” with the decision.

The EDIT revenue carried over from 2015  was $189,470.54.  The first year of tax revenue from the 2015 tax increase Muncie received $4,165,848.25.  The city of Muncie dispersed $4,216,934.69  and ended with a balance of $138,384.10 for 2016.     The city of Muncie spent more EDIT monies than they took in and tapped into the 2015 balance.   In other words, if Muncie continues with this type of EDIT spending, and there is every indication they will, they will need to go to their second and third sources.

I would suggest the council members who voted yes keep an eye not only on EDIT spending but the financials of Madjax in the event we have to pay the bond payments.  And further, monitor the job training program and provide updates.


Citizens: Don’t hesitate to contact your representative for information.  They own it as the fiscal body of the City of Money.  Please stay involved.

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