CIB F-up (That’s Follow Up)
As lawmakers get ready to vote on a budget today, there’s some question over whether the plan to address to the Capital Improvement Board’s shortfall is actually legal.
Under the plan the city would borrow $27 million from the state over the next three years to cover operating expenses, however that money would be paid back with interest from increases in the car rental and ticket taxes. However, those taxes won’t kick in for three years which puts the CIB back in the same position that it is right now.
At first I was shocked and all I could ask my self is what political baboon would come up with something like this?
And then I remembered; State Senator Mike Young of Indianapolis, the only lawmaker I’ve ever know to make Dennie Oxley, Jr. look good.
