muncie city

The saga of debt: Our destiny revealed (quick update)

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Watch your thoughts

After Mayor Tyler passed the 43% income tax, the saga continues

The City applied for State funds of $48 million to build a downtown walkway, apartments etc. There is no guarantee the city will get any funds.

The city is going ahead with the project even though it has no funding in place. The city hired an outside consulting firm to find the money and the city will pay $6,000 a month for the service.

However, the contract is sealed, so no one is allowed to know how the $6,000/month of taxpayer’s money will be used.

W/R: Confidentiality is officials’ best friend

Can we say transparency?

The mayor is embarking on a $48 million project although he doesn’t know how it will be paid for, if the bank will loan the money, how much revenue it will bring into the city or how much it will cost taxpayers.

This will put the city at $112 million dollars in debt.  We couldn’t fund $2.5 million without raising taxes, but we can afford more debt?

Oh, and although the city was supposed to include long-term maintenance costs, it was barely mentioned.

This area is known for building, but not for maintaining. Some examples: streets, swimming pool, park buildings, city hall, jail, skating rink, parking garage. All built but soon no money available to keep in good repair.

Fiscal Health Muncie 2013-2014 (pdf)

Are we destined for a lifetime of debt?

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“If you analyze…

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“If you analyze it I believe the very heart and soul of conservatism is libertarianism. I think conservatism is really a misnomer just as liberalism is a misnomer for the liberals — if we were back in the days of the Revolution, so-called conservatives today would be the Liberals and the liberals would be the Tories. The basis of conservatism is a desire for less government interference or less centralized authority or more individual freedom and this is a pretty general description also of what libertarianism is.”
― Ronald Reagan

Been on sabbatical, enjoying some much needed free time.  Taking a break on writing political prose.  Like most of us, I get fed up from time to time, yet still maintain the eye on what’s happening.   After the dismal 2014 local primary, and considering the outcome and events leading up to the primary, sometimes think you may be spinning your wheels.  After all, you can lead a horse to water, but sure can’t make the horse drink it.   Feeling disenchanted can actually work to the good of your soul.  

~See you all soon~