WHEREAS, the New Albany City Council is in support of the Scribner Place Project
We've seen reading comprehension problems; we've seen selective interpretation of the facts presented (obtained from GOV); but we have to admit, selective disregard of the VERY FIRST SENTENCE IN THE RESOLUTION? Give us a break, why don't you?
Very tangible issues behind the scenes are driving this resolution; and I for one hope the City Council gets this project OFF of MY property taxes. Our blessings for Scribner and the Y can proceed without such financing regarding OUR PROPERTY TAXES.
The State adopted something called a "circuit breaker" law last year. Our City has a constitutional (City and State) debt limit of 20% of our assessed value. If I am wrong about this, surely someone will call me out and set me straight, no doubts there. The way the Cities were able to circumvent this debt limit (which is in our City constitution and State mandated) is by having the municipal City sewage bonds/works separate from our debt limit.
This new "circuit-breaker" law is meant to correct this issue. After speaking with the State of IN and telling them of the debt we, as New Albany, are in -- I felt he was stunned.
Here is the new "circuit-breaker" law, and other corresponding info you may find interesting. Enjoy.
(P.S. BTW, is it legal for the Clerks' office to release the Council's packets to the PRESS and the Mayor's blog before the Council even received their packets from the police? Just a question.)
SECTIONS 8-13 of HEA 1001-2006 expand the 2% circuit breaker beyond pay 2007 in two phases: (1) the circuit breaker becomes mandatory in all counties for qualified residential property for 2007 pay 2008 and 2008 pay 2009; (footnote 1) (2) the circuit breaker becomes MANDATORY for all types of property in all counties beginning in 2009 pay 2010. (footnote 2)
The "circuit breaker" works by giving a property owner a credit against the person's property tax liability exceeding two percent of the gross assessed value for the qualifying property.(footnote 3) The application of the credit results in a reduction of property tax collections of each political subdivision in which the credit is applied.(footnote 4) A political subdivision may not increase its property tax levy to make up for the reduction. (footnote 5) A political subdivision may not borrow money to compensate the political subdivision or any other political subdivision for the reduction of property tax collections due to the credit. (footnote 6)
EXAMPLE:
Taxpayer has a qualifying property with an assessed value of $100,000 before deductions. Taxpayer's property tax liability is calculated at $2,100. Two percent of the gross assessed value of taxpayer's qualifying property would be $2,000. Thus, taxpayer receives a credit for $100, and his tax liability is reduced to the maximum of $2,000. This results in a reduction of property tax collections by the taxing units in an amount of $100.
$100,000 gross assessed value $2,100 calculated taxes due
X .02 cap -$2,000 maximum tax liability
$ 2,000 maximum tax liability $ 100 amount of credit
__________________
Footnotes:
1 IND CODE 6-1.1-20.6-6.5(b).
2 IND CODE 6-1.1-20.6-6.5(c).
3 IND CODE 6-1.1-20.6-7
4 IND CODE 6-1.1-20.6-9.5(b).
5 Id
6 IND CODE 6-1.1-20.6-9.5(d).
The following is an ESTIMATE CIRCUIT BREAKER IMPACT ON BUDGETS issued last year at the CITIES 2006 ANNUAL BUDGET WORKSHOP:
Potential Tax Credits for Property Assessed over 2% of Net Assessed Value:
UNIT 2006-2007 2008-2009 2010
FLOYD COUNTY $ 108. $ 108,526. $ 276,062.
NEW ALBANY TWP $ 3. $ 3,143. $ 7,995.
NEW ALBANY CITY $ 325. $ 324,803. $ 826,313.
NA-FC SCHOOLS $ 587. $ 587,059. $1,493,322.
NA-FC LIBRARY $ 23. $ 23,125. $ 58,825.
NA FLOOD CONTROL $ 8. $ 7,605. $ 19,345.
NOTE: The estimate impact on these budgets were based on 2003 assessed values. The impact on the budgets could be much greater when the estimates are based on current assessed values.
In other words, Cities will not longer be able to get around OUR Constitutional debt limits; but the State maintains there will have to be "new income taxes" to cover the shortfalls. Hmmmmmmmmm. Our income taxes seem to be going other ways.
Read the first sentence to Mr. Schmidt's resolution one more time, then the info posted here -- you'll find no malice; simply people who are up on those numbers and trying to protect your property tax and mine. That's the SPEAKOUTLOUDNA view, anyways.
posted by East Ender at
4:21 PM
73 Comments:
Now, if you thought they couldn't read the first sentence of that resolution, what makes you think they can even begin to wrap their heads around property taxes and assessed values and the budget impacts? You have more faith in them than I do.
Thank for the info. We understand, and knew...just wasn't sure when they were going to admit it. And, if we lose our homestead credits, OUCH.
By
They just want more and more, at 5:04 PM, June 30, 2006
TO THE CITY COUNCIL MEMBERS:
PLEASE KEEP OUR PROPERTY TAXS OFF THE
SCRIBNER PLACE DEAL. LET THEM RAISE
THEIR OWN "BACK UP MONEY". OUR PROPERTY TAXES ARE TOO HIGH NOW.
REMEMBER--- THEY PROMISED US THAT THE
PARKING GARAGE WOULD PAY FOR ITSELF,
AND THEY ENDED UP PAYING FOR IT WITH
THE EDIT TAX MONEY AT $615,000 PER YEAR TO PAY OFF THE GARAGE BOND. WE SURE NEED TO BE CAREFUL WHAT WE PROMISE ON THOSE BONDS SOLD BY THE BONDING COMPANIES.
By
Anonymous, at 5:48 PM, June 30, 2006
Thank you, for providing us with the
info in this article. Where can we find out more about this CIRCUIT BREAKER that is going to change the City Budget money ?
As I understand, this Circuit Breaker will help property owners who are over-assessed, but, will take money away from the City Budget or cause our
tax rates to be higher. Questions?
By
Anonymous, at 5:55 PM, June 30, 2006
Gary Malone of Umbaugh swears we have enough revenues coming in to support this project. When the Council finds out where in the hey these revenues are going to come from, will they please let the taxpayers know? Thank you.
By
Anonymous, at 5:56 PM, June 30, 2006
Sounds like it will definitely make not our property tax rates higher, but the "income tax rates" -- which we all know are being used for various other purposes.
This WILL drastically impact the General Fund. Thanks for asking.
By
Anonymous, at 5:57 PM, June 30, 2006
eastender,
Thanks once again for bringing FACTS to the table. Of course, some will not even consider something as definitive as a STATE STATUTE to be FACTUAL.
No doubt you had some back door influence on getting this law passed at the state level, looking forward with the sole objective of killing Scribner Place ;) Didn’t I see you flying over Main St. and the City-County Bldg. in an unmarked black helicopter? You're good!
Regarding the post on NA Confidential, it was indeed one of the unintentionally humorous things I have recently read.
Aside from the selective disregard of the first line of the resolution, the argument against the same was getting thin when the writer resorted to the all-too-familar, overused and ineffective ‘for the children’ exhortation.
I quote....
"Seeing as I have no children of my own, can someone please help me understand how it is that grandfathers happily vote against the interests of their own grandchildren?"
.... it gets better and much more dramatic....
"Already, inexorably, irreversibly, it’s about very young children, and others yet to be born. The sooner that we all understand that, the better....
.... OK, my wife and I are already rolling out laughing; but still one more time for overkill....
"Let’s hope we can minimize the damage -- to the city, to the children, and to the future....
Is that all you got? What about some facts? So given you dire outlook for the future of NA if the project should not go through, am I to assume my kids and grandkids will be begging in the streets?
Truth be known, this is about you, your personal and perhaps pecuniary interests, and most of all your lack of ability to single-handedly steer the city in a way you deem appropriate. Why else attack the democratic process, where all can speak through their elected council members? The 'for the children' argument didn't work for the former President, nor will it for you.
'little people', get ready for the next attack against us: We are trying to KILL the children of New Albany! Sound familiar?
Before I am labeled as a cold, heartless bastard, let it be known we are the parents of several children, five still living, and four paying taxes, in New Albany; and one grandchild, likewise a NA resident.
And before you label me for being against Scribner Place, it isn't so. As I have stated on prior occasions, on this blog and others, I really don't have a problem with the project if the city can afford it without saddling the citizens with additional tax and fee burdens. I also firmly believe it will not be the panacea, or even a major boost, that others have professed as being the key to revitalizing downtown.
In closing, someone please just answer a question. Why should removal of property tax backing be the death knell of Scribner Place?
I am sure that no more funding will be necessary than the pledged EDIT funds of $137,500 per year, given this administration's electoral promise of a full and complete financial audit and analysis of the entire project (what, they reneged on that?) and demonstrated proficiency in handling New Albany's ongoing finances. Why, just look at the 2004 audit! Once again, perhaps if the powers-that-be handled the entire situation differently from the start, the public sentiment may be different.
Monday night's meeting should be a rocker!
No guarantee, but let's pray the resolution passes, and Scribner Place can proceed with no further need (guarantee) to pick my pockets.... or those of my children or grandchildren.
Please, please.... for my children. I think I am going to cry!
blogtastic
By
blogtastic, at 6:27 PM, June 30, 2006
As I was saying at a council meeting recently…I don’t understand how folks can get so fired up over a quarter million dollars for TRUE economic development (Scribner Place) when just this year the city council gave out $30 million in “economic incentives” to the weathliest people and companies in town?! I have the list from the Auditor if anyone’s interested.
By
G.Coyle, at 9:43 PM, June 30, 2006
Ms. Coyle,
You do not have all the information. And if you had spread sheets and all the info we have you might just reconsider. It is very hard for someone who does not have all the fact and crunch bunches of numbers for weeks and months. No one is against the YMCA. What we have been against is tacking our property taxes to this project. We feel the city should stay out of this project. Without the sewers being fixed we have nothing. No growth. The YMCA is sitting with pledges. They need 8 million dollars for their share. Let them pay it and not us taxpayers. Again we say unless you have all the facts and really look at the whole picture you have no clue to what is going on.
By
Anonymous, at 10:46 PM, June 30, 2006
Mayor Garner has stated in the papers
and on TV interviews that New Albany will pledge the $137,500 of EDIT to the Scribner Place Project.
Why is the Mayor so upset? As I have read the proposed resolution listed on the blog, the resolution says the
$137,500 of EDIT to be pledged to the
Scribner Place. Has he not read the
resolution because it states the same
figure of $137,500 EDIT funds that
he quoted on TV.
By
Anonymous, at 11:26 PM, June 30, 2006
WOW--- THIS RESOLUTION TO REMOVE OUR
PROPERTY TAX BACK-UP FROM THE BONDS ON THE PROJECT HAS REALLY HIT SOME NERVES.
SO--- WHAT HAVE THEY NOT BEEN TELLING US ABOUT THIS PLEDGE OF PROPERTY TAX TO BACK UP THEIR BONDS?
IS THEIR PLEDGE OF OUR PROPERTY TAX ON THOSE BONDS GOING TO COST US MORE THAN THEY HAVE BEEN TELLING US?
By
Anonymous, at 11:32 PM, June 30, 2006
Oh you bet'cha!
Property taxes is all they have left to bargain with. tHE RATES on the bonds, if they are sellable without property tax backing, will be higher.
Jimmy is upset about the resolution because he has once again told something less than the truth.
Although he says it will only require the $137k, the resolution allows him to use up to $400K, and that's what he's counting on.
When, oh when, are folks going to realize they are feeding us a bunch of BULL!!!
By
East Ender, at 12:51 AM, July 01, 2006
This weekend, let's be grateful that there is a country where people come together for the common good. Where people take on important projects and their concern isn't based on whether it's too expensive or not, but on whether it's good for the community as a whole. Where people have no problem using the good faith and credit of our governments to borrow money and provide innovative public services for one and all to use. Where people would be ashamed of shouting that they have the lowest taxes when the projects and basic services that need to be funded are left on the drawing board, or completely out of sight. A place where people care about the future, and not just about last week's news. Where the streets are clean, people live years longer, and children are better educated than nearly everywhere else in the world. A place where committing a pittance to a massive project would be seen as an afterthought, not as an ulcer inducing boil of the butt of the community.
Indeed, a happy Canada Day weekend to one and all.
By
Anonymous, at 2:00 AM, July 01, 2006
ANOTHER ARTICLE FROM UMBAUGH & ASSOCIATES:
WHO STANDS TO LOSE REVENUE FROM THE CIRCUIT BREAKER CREDIT? - PART 2
This is the second article in the series about Indiana’s new circuit breaker tax credit.
The circuit breaker tax credit enacted in the Indiana General Assembly 2006 session puts a 2 percent (2%) cap on property taxes for certain taxpayers beginning with taxes payable in 2008.
The state is not making up the difference in revenue. The reduction will be deducted proportionally from the revenue flowing to each entity in the taxing district.
For more information, click on Full Article below.
Full Article Save Article Email Umbaugh
PERFORMANCE MEASUREMENT: STEPS TOWARD PERFORMANCE MANAGEMENT - PART 2
In a previous issue of Footnotes, we provided an overview of performance measurement and its usefulness in improving accountability and creating efficiency. In this article, we discuss the steps necessary to achieve performance management—the point at which a local government can utilize data collected in making managerial decisions. These four steps include mission statements, goals, objectives and performance goals.
FYI- A Citizen
By
Anonymous, at 3:00 AM, July 01, 2006
If you follow, as I do, with Jack Abramhoff's association with Umbaugh & Associates; you may have a lot of questions of your own.
Personally, I'd like to hear them; if you are educated on this subject with Abramhoff and his 3 Consultants which ended up with Umbaugh; one has since resigned. Comments, ANYONE?
By
Anonymous, at 3:07 AM, July 01, 2006
Mr Schmidt's resolution seems to express no concern for the "circuit breaker," so that could not be the reason for presenting it. For this Blog, where any sign of intelligence is regarded with fear and loathing, to suddenly become more expert at the topic than attorneys in Indy who do this stuff for a living, is frankly impossible to believe.
If this was the concern, then it should have been stated clearly and it should have been brought up long ago. Not within days of the bonds being sold and the bids let.
But no, this was done at this time to kill Scribner Place and the YMCA and the last best hope that this city will ever see propsperity again.
By
Anonymous, at 9:25 AM, July 01, 2006
whereas Laura Oates and her lap dog councilmen Schmidt and Coffey have poltical agendas
Whereas their collective IQ's dont amount to any signs of intelligence
Whereas, once again this blog is spreading lies
Therefore be it resolved that the intelligent voices on the council will once again prevail
youre right the council meeting will be a rocker and your faction will roll over like a whipped dog
By
Anonymous, at 10:12 AM, July 01, 2006
We shouldn't have any concerns; to hell with our monies -- yeah, you ar right -- go live in Canada (they lost their village idiot).
If they don't need my property taxes to do this financing, then they shouldn't do it.
Here's what we can do:
All those who want to pledge your property taxes, sign up down at the County Treasurers' office.
Those who don't -- Hey, you can sign up on here.
The other blog was able to take that resolution so out of whack...again, read the first sentence.
Anything "you" can do to bastardize the Council members you don't like, you will. We can't stop you. But, we will ask the Council how they liked seeing THEIR business on the NAC and in the paper before the police officers brought the Council their packets. There ought to be a law.
By
Anonymous, at 12:19 PM, July 01, 2006
I pledge my property taxes (It saves us taxpayers in the long run because you get lower interest on the bonds. But if you want to pay more now... I guess there must be logic there.)
By
Anonymous, at 12:50 PM, July 01, 2006
Blogtastic said, "Before I am labeled as a cold, heartless bastard"
A day late and dollar short Mr. Fender!
By
Anonymous, at 12:52 PM, July 01, 2006
There is definitely a law on our DEBT LIMIT for the amount of population of NA; that must bother those who live beyond their means and have that "new" credit card where they just can't stop spending.
Are you saying they can't do the financing without our property taxes? What ARE YOU SAYING?
Could it be because we can pay the SEWER BONDS, therefore you need my property taxes to pay THIS BOND?
As one poster said, if we even thought you could wrap your heads around the issues -- we might listen. For those who just want to call names -- have fun.
Take care NA -- don't let 'em scare you. I, too, am sure Council will be upset about this resolution being on NAC's blog before it hit their houses (delivered by police officers, I might add). We need to ask the City Clerk for their press credentials that the Tribune and CJ have to present and keep on file with her office. Yeah, that would be what we need a copy of. I want to see "blog" press credentials!
No to my property taxes being used.
By
Anonymous, at 1:13 PM, July 01, 2006
P.S. Make that we "CAN'T" PAY OUR SEWER BOND.
By
Anonymous, at 1:14 PM, July 01, 2006
Why should we, city dwellers, have to guarantee the EDIT monies with our property taxes? The people living outside the city limits do not have this threat if the money is not there!! If the $137,000 of boat money is not available, for whatever reason, from the County for the Next 17 years, who takes up the slack,DUH!!! As McAllister asked in their meeting of County Attorney, do they have to make it up, and the answer was NO, PP's I'll give you one guess, no your to damn stupid to come up with the legitimate answer without adding your spin cycle, the answer is me and all other residential property tax payers in the City.
For this reason I hope all the Council will ratify the resolution Mr. Schmidt will introduce Monday.
By
Anonymous, at 2:37 PM, July 01, 2006
g. coyle -
Just so you know, there are plenty of folks who are just as outraged by the depth of funds that have been given away on tax abatements with no real accountability due from those who benefit.
Just send in a warm body to raise their hand when they call out the name, and BOOM, you got it!!!
IT's CRAZY!
I will have to say that since this topic has come up a few times, it has been ONLY CM Price who has raised ANY questions during Council sessions on ANY tax abatement beneficiaries.
I totally agree that, next to the amount of money that has been poured into sewers, the tax abatement issue is costing the City of New Albany dearly.
This practice, and extreme cost, MUST be an issue that is examined during the financial/audit investigations.
Thanks for keeping it on the front burners!
By
East Ender, at 4:49 PM, July 01, 2006
We are ready to stand before that council and let them all know that this idea about funding swimming pools with guarantees from OUR property taxes is NOT OK with us.
Any smart development plan for that downtown area would be phased in development.
Any smart council members will understand that and will work to steer this project onto a track that will actually lead somewhere.
Of course, this would require that they be diligent in their duties to be good stewards of the citizen's best interests.
The sooner they realize this mayor's plans have nothing to do with the best interests of the citizens, the better off they will be.
One piece of advise:
CYA LADY & GENTLEMEN!
By
not my property taxes, at 5:36 PM, July 01, 2006
you losers will get your ass kicked monday night, should we come down to your bars to help you cry in your beer
By
Anonymous, at 5:56 PM, July 01, 2006
If the Mayor is saying that the amount of EDIT pledged to the Scribner Project is $137,500, then, why hasn't someone told him that it was not $137,500?
Why won't they listen to the taxpayers who are saying that we DO NOT want our
property taxes to be the back-up on those bonds ?
There are a lot of questions to be answered before the bonds are sold.
By
Anonymous, at 7:35 PM, July 01, 2006
Rumor has it Bill Schmitt will withdraw his resolution now that its out there and the surprise element is gone.
By
Anonymous, at 7:57 PM, July 01, 2006
EE - glad to hear the tax abatement issue is upsetting to more people than just me. Why just the other day I got to witness one of the 2005 "corporate welfare cheats" showing off his new Lambroghini with flame throwing exhaust on Main St! Ahhh...the things you can afford when the city let's you off the hook. Wonder what my rich uncle will do with his 1/2 million "economic incentive" from 2005...probably join another country club, the 4 they already belong to must be getting old? I'm not saying that once in a while some opportunity comes along that makes an economic incentive sensible, but by the time I'm finished totalling the pages of abatements I asked for from the county auditor, would anyone be outraged to admit that the city council has literally given away hundreds of millions of dollars that we must make up for with increased taxes on everything. Where is the outrage indeed?! So it's not that I don't applaud any and all efforts to present facts relating to the financial health of our town...every bit helps, but keeping things in perspective...I just can't get whooped up over, maybe $500,000 for a genuine community revitalization effort (scribner), when millions on the table are just tossed out like candy.
By
G.Coyle, at 8:04 PM, July 01, 2006
Is that right?
Blostastic's Bill Fender?
Wow.
By
Anonymous, at 8:05 PM, July 01, 2006
Without propert0y tax back-up the cost of the bonds goes to over 300k per year, thus killing the entire project, so NA will stay the same. The res. will not pass. The vote will be four to four ( all will not be there) so it will fail.
By
Anonymous, at 8:07 PM, July 01, 2006
no Kochert will vote no to schmidts stupid resoultion, but you are right not all will be there, only 8. so the res will fail 5-3
By
Anonymous, at 12:51 AM, July 02, 2006
My understanding is Donnie Blevins will get a promotion to Jody's job for his vote to stop the resolution. Keep screwing up James.
Can someone tell me one positive thing James has done on his own for us taxpayers? Surely the progressives can think of something?
BTW,loved the bumper sticker on rogers blog. Wonder where we can get some? We'll be more than happy to buy them.
By
TAXPAYERS AGAINST JAMES, at 8:11 AM, July 02, 2006
Hey, Denhart's pushing civil disobedience over at her college daze blog. Check it out.
By
Anonymous, at 8:23 AM, July 02, 2006
Hey, also on Rogers blog "little pervert Timmy is calling Valla Ann out AGAIN! What's this about meetings under the gazebo Timmy? Me thinks that follows under STALKING! Just my HUGE opinion.
p.s. also love the bumper sticker.
By
Anonymous, at 9:00 AM, July 02, 2006
I want a couple bumper stickers. Where can I pick them up. Besides I like what that women says.
By
Anonymous, at 4:47 PM, July 02, 2006
Roger,
dork,sap,jackass,bonehead,knucklehead,fathead,numbskull,dumb-ass,doofus,clod,denderhead,lummox,dipstick,thickhead,meathead,woodenhead,airhead,pinhead,lamebrain,peabrain,birdbrain,jerk,nerd,donkey,nitwit,twit,boob,twerp,schmuck,bozo,turkey,chowderhead,dingbat,numnuts.
It's great therphy to come out of the closet like you have. Maybe there is hope for you after all.
Roger you describe yourself very well to a T to the rest of New Albany darlin.
BTW-
Roger,
It should take a lot less time for you to peel it off that sign than it did the car bumper you took it from in the first place. You, Sir, are a nincopoop for posting a picture of a sticker on a sign that obviously been transferred.
You people are so funny. Thanks for the chuckle, Roger.
Roger would you like a new bumper sticker for yourself? All you had to do was ask? We have plenty!
By
Anonymous, at 5:14 PM, July 02, 2006
The post you are referring to was not written by Roger, but by bluegill. Reading comprehension?
By
Anonymous, at 9:21 PM, July 02, 2006
We still predict some of the Council (ones the PP's aren't expecting) are going to have a real problem the Clerk's office leaked this to cityofnewalbany.blogspot.com.
You really need to look at this resolution with out your "filters" on.
Does Little Timmy know any other words rather than the ones he keeps spitting and sputtering on here under "anonymous"? Did they shut his IUS blog down? Did he not make the "new stormwater board" that none of Council knows has been formed? What's your problem, Tim? Maybe you're afraid?
Yeah, I got a case against you for "stalking", also. We have some other material also that you have so conveniently hassled private citizens with.
Thanks for letting me use the space. Anxious to read the Tribune article about the sewers.
Please save our property taxes, Council.
By
USE YOURS & NOT MINE, at 11:32 PM, July 02, 2006
The Council is ready to start on the
2007 City Budget. Where are they going to find the money to bail out the 2007 Budget if they use all the
EDIT and other money to fund Scribner?
No salary increase for city staff?
Maybe some will lose jobs?
No new Cars for staff?
Cut the cell phone bills?
Take home cars and gas cards?
By
Anonymous, at 12:26 AM, July 03, 2006
That's true. My understanding is if they can not make the Scribner bonds, they WILL HAVE TO LAY OFF DOWNTOWN.
More info has been released about the circuit breaker info -- try to get it up soon.
We owe the Police $1 million next year. This will probably be taken care of by an "excess tax levy" put on your property taxes.
But, if all this goes up to the State and they say "no-no", they wlll have to lay off downtown.
Howcome some of us see it, and some don't? They just don't want to see, right? That's the only logic making any sense to me.
All we can keep do is try and tell 'em; now they will probably scream louder.
By
Anonymous, at 9:43 AM, July 03, 2006
A BRIEF EXCERPT FROM Umbaugh's News Letter:
WHO STANDS TO LOSE REVENUE FROM THE CIRCUIT BREAKER CREDIT? - PART 2
This is the second article in the series about Indiana’s new circuit breaker tax credit.
The circuit breaker tax credit enacted in the Indiana General Assembly 2006 session puts a 2 percent (2%) cap on property taxes for certain taxpayers beginning with taxes payable in 2008.
The state is not making up the difference in revenue. The reduction will be deducted proportionally from the revenue flowing to each entity in the taxing district.
There's more, but this really ought to make a lot of people realize what this means. Of course, zooom, right over the heads of some of 'em, we know -- especially the ones who don't pay property taxes.
We're trying to educate and we'll keep on. Thanks
By
$$$$$$$, at 11:48 AM, July 03, 2006
The Indiana Code on borrowing is IC 36-1-15-6:
http://www.ai.org/legislative/ic/code/title36/ar1/ch15.html
IC 36-1-15-6
Restrictions on Indebtedness
Sec. 6. Subject to section 7 of this chapter, a political subdivision may not become indebted in any manner or for any purpose in an amount in the aggregate that exceeds two percent (2%) of the latest adjusted value of taxable property determined for the political subdivision immediately preceding the incurring of the indebtedness.
However, if a statute limits the debt of a political subdivision to a percentage other than two percent (2%) of the value of taxable property in the political subdivision, the political subdivision may not become indebted in an amount that exceeds the percentage set by statute multiplied by the latest adjusted value of taxable property determined for the political subdivision immediately preceding the incurring of the indebtedness.
As added by P.L.6-1997, SEC.203.
IC 36-1-15-7
Permitted excess of debt limitation
Sec. 7. A political subdivision may incur debt that exceeds the maximum amount allowed under section 6 of this chapter as necessary for the public protection and defense only:
(1) in time of war, foreign invasion, or other great public calamity; and
(2) upon petition of a majority of the property owners in number and value within the limits of the political subdivision.
The amount of the excess may not be greater than the amount specified in the petition.
As added by P.L.6-1997, SEC.203.
IC 36-1-15-8
Debt in excess of maximum amount void
Sec. 8. Debt in excess of the maximum amount specified in sections 6 and 7 of this chapter is void.
As added by P.L.6-1997, SEC.203.
By
Laws on the Amount of Debt Allowed a 3rd Class City, at 11:52 AM, July 03, 2006
Roger seems to think he knows, ask him.
By
Anonymous, at 10:16 PM, July 03, 2006
How do you spell defeat: answer Bill Schmidt resolutions. read em and weep liitle ones
By
Anonymous, at 10:35 PM, July 03, 2006
This comment has been removed by a blog administrator.
By
blogtastic, at 12:29 AM, July 04, 2006
anon at 12:52 PM said, “ A day late and dollar short Mr. Fender!
Interesting to note that there is another anonymous comment also addressed to me as “Bill” on my blog.
More interesting is that I received an email from Mr. John Tucker, back on the 21st of June, with the salutation “Bill.” Coincidence? I think not.
But it points up a much more important issue that the pro-progressive ilk constantly rants about. Namely, I thought that your cabal did not post anonymously? Hypocritical, no?
What’s that idiom, give a man enough rope and he’ll hang himself?
I thought that anonymity was much too far beneath you pro-progressives, the bane of the “anti-intellectual little people” crippled with our inherent “fear and mistrust.” Nice to know that you swim in the same pool!
And so much for the anonymity policies of the Tribune, NA Confidential and other pro-progressive ‘publications.’ Duplicity at its consummate best!
Aside from your hypocrisy, and incorrect and amateurish Dick Tracy work, it also shows me that on a more basic level the pro-progressive group has no true testicular fortitude; you don’t walk the talk. Expected.
What a hoot! Anonymity bugs the bejeezus out of you folks (unless YOU are posting in that fashion!) Perhaps it scares you a bit? [After all, the socialistic types used to control the “secrets,” not the other way around.]
It has nothing to do with the facts posted on this blog, because you refuse to discuss those.
(crickets chirping, pins dropping) – isn’t that how it goes?
What better timing for me to read your anonymous comment than the early morning of the Fourth, after a great fireworks show….. the eve of the celebration of Freedom….. the eve of my freedom to remain Anonymous.
To paraphrase the late Lloyd Bentsen,
Bill Fender was a friend of mine, and you, blogtastic, are no Bill Fender!
Oh, Lordy! But, thanks for the laughs…….
I have got to clue in Bill. Anybody have his email address? Is he still VP with the Floyd County Republican Party?
Does this now mean I can vote for him, too?
Keep guessing, pro-progressives. Maybe I’ll have a door prize for the correct answer! Some blinders and a nose clip… you figure it out.
A happy & safe Fourth to all!
blogtastic
By
blogtastic, at 12:35 AM, July 04, 2006
Happy 4th of July, Blogtastic. Don't have Bill's number, but I bet he'll hear ALL about it and get in touch w/ you. TOOO funny. Happy Holidays, NA.
By
Anonymous, at 4:17 AM, July 04, 2006
DID ANYONE ELSE SEE HOW RANDY SMITH WAS ABLE TO COMMAND OFFICER LAWRENCE TO TAKE HIS WRITTEN INSTRUCTIONS TO MR GAHAN BEFORE THE VOTE. WHAT WAS IN YOUR NOTE RANDY.
By
dickstewart, at 9:16 AM, July 04, 2006
Scribner Place is a go! Come on in the water's fine!
Now lets get past this and get on with the business of the people!
Sewers, streets and proper accounting proceedures. Then let the city grow!
While were in the process of getting rid of politicians, lets get rid of DNA, and it's board of loosers. How in the hell did they let that woman Jane get in charge of it, she will screw it up just like everything else she touches!
By
Joel & Nathanal, at 11:29 AM, July 04, 2006
Second that DNA motion, all in favor, say AYE!
By
Anonymous, at 2:08 PM, July 04, 2006
Mr. Stewart, I believe that he was making Mr. Gayhan aware of the two previous notes that were passed along to Mr. Price and I believe Ms. Kersey one along to either Kochert or Coffee, I can't be sure.
By
ceece, at 2:18 PM, July 04, 2006
What have you got against Develop New Albany?
By
Anonymous, at 4:06 PM, July 04, 2006
That it doesn't!
DNA hasn't done a damn thing since the old Red Cross building. The White Elephant Center isn't making money, they can't sell the damn thing. And now they put in charge a woman who has the biggest loosing streak in the History of NA.
They hired her an assistant, some guy from out of town, maybe they ought to give him a chance at the helm, he can't do any worse. The Davinci thing lost money, it wasn't advertised enough, DNA chased the farmer market out to Sams, Some one really ought to cut the purse strings to it, it's DOA!
By
Anonymous, at 4:13 PM, July 04, 2006
Speaking of big losers, perhaps "sore," "bad," or "tasteless" losers would be better -- in the sense of the ones inhabiting this barren SOLNA wasteland. Now DNA and its head are the enemies. No day passes here without a witchhunt, does it?
By
blogdastardly dick, at 6:02 PM, July 04, 2006
This blog is open range on anyone or any organization. Kind of makes you go Hmmmm!
Now that Scribner Place is a done deal, wonder what the next project to be shit upon will be?
I am sure we will not have to wait very long for it to surface.
May be the fact that Cm Schmidt walked out after loosing his vote?
There you go, things that make you go Hmmmmm!
By
Anonymous, at 7:43 PM, July 04, 2006
To Anon at 4:13... What should such an organization be doing?
By
Anonymous, at 8:46 PM, July 04, 2006
Scmidt needs to be challenged in the primary next year, any takers?
By
Anonymous, at 10:24 PM, July 04, 2006
We will talk about what we want to talk about, when we want to talk about it and how we want to talk about it -- HAPPY FOURTH OF JULY!
By
Anonymous, at 10:50 PM, July 04, 2006
8:46 PM
They should be doing something, even if it's wrong!
So far, they haven't done a damn thing! But pat each other on the back and say fine job!
Do you think they are doing anything worth while? Tell us all about it! Enlighten us!
By
Anonymous, at 10:57 PM, July 04, 2006
Mayor garner spoke tonight athe 4th of July festival and did an outstanding job and recieved a very strong round of applause.
Didnt see your people there though, '07 garner is looking strong!
By
Anonymous, at 11:04 PM, July 04, 2006
I'm with you all. Tell me one thing James Garner has done for the good of the citizens of New Albany.
Fear and intimidation factors don't work Mayor -- just ask another Mayor.
We're worried about our property taxes, but still feel the financials are so screwed up -- they won't be able to sell the bonds unless they do use us as a mortgage -- and I resent it?
Could any of you tell that Scribner Place is separate from the Y Monday nite, as far as our tax dollars go? Me neither.
By
Citizenspeak, at 12:38 AM, July 05, 2006
Another thing -- we can prove that ALL RENTERS in New Albany got STORMWATER BILLS, instead of the PROPERTY OWNERS.
Now, HOW ARE WE GOING TO REFUND ALL OF THESE MONIES?
Might as well get ready to answer the questions, Mayor. Press already knows.
BTW, NA, Stormwater Advisory Committee were informed by FMSM they are no longer in existence. The new "stormwater" board is.
Having sat on the volunteer Advisory Board, I called a member of the Sewer Board and Mrs. Crump, and neither knew anything about what I was told.
This may be one of those perfect examples of the "right hand not knowing what the left hand is doing"...though, I gotta tell ya -- it's my opinion only, everything is messed up, Mayor. Nothing personal, though -- don't get me wrong. You know me well enough to know it is "just business" - ALL OF OUR BUSINESS.
Thanks for all who came to Council. We do appreciate Mr. Schmidt being there despite his illness of two days.
I did find it rather asinine that Councilman Schmidt can't even leave a Council meeting immediately afterwards without something sinister being read into it. Speaks volumes, and budget time really should get interesting.
All citizens, please be on the alert -- you will WANT TO ATTEND THE BUDGET HEARINGS. You will not be able to speak, but you will learn (if you don't already), how everything is going to be effected for the next year.
We feel we have tried, in more ways than one, to explain the impacts coming down the pike. Yeah, I'm giving the "other side" their usual tawdriness, but the truth will come out in the wash. There are going to be some people that are not going to be able to be paid -- especially with the sewer slush fund in the process of being shut down; all of thoe people to be moved out; and now withe the new billing all messed up with stormwater; and the work we still have to do at the plant and out in the City?
Sewer Board Executive Session tomorrow. Saw the legal (not sure what litigation it could be over).
Sewer Board meeting is at 3:30, we they are suppose to get some financial information so claims can be paid (at least, that's the last we heard).
As far as Fifer talking about the list of projects Gahan is requiring, and the Sewer Board, and the EPA, that should be coming up REAL SOON. This information would be part of APPENDIX D, the five year Maintenance Plan for the inner-City, which was not performed under these past four years. More to come, we are sure.
Trying to give everyone a heads up because of that sewer board meeting. If you are a renter, or know of one, tell them to check the water bill they received the other day. It's a pain trying to be there at 3:30, but they could call their councilmember or one of the three (3) at large. Seabrook is at large and sits on the sewer board. Kochert is aware of this situation; bills were shown to him Monday night.
Happy Fourth to All of New Albany.
By
New Albany Potty Police Member, at 6:03 AM, July 05, 2006
"It is dangerous to be right in matters on which the established authorities are wrong."
Voltaire
By
Anonymous, at 9:33 AM, July 05, 2006
Yeah, we know. That's why certain government officials know all about this blog. It is.
By
Anonymous, at 1:22 PM, July 05, 2006
We just got back from Vegas, and I see that my councilman was ill on Monday. Can anyone tell me how Bill's doing?
By
Violet Dugan, at 7:08 PM, July 05, 2006
still licking his wounds from losing on his resolution
By
Anonymous, at 9:51 PM, July 05, 2006
Whats your next loser bill or resolution boys
By
Anonymous, at 11:19 PM, July 05, 2006
Violet, We spoke with the Schmidts today. He is feeling somewhat better. He had been sick two days prior to the Council. We were unsure if he would even be able to attend.
By
Anonymous, at 11:50 PM, July 05, 2006
Where is laura? And how come we are not discussing the council meeting! Sounds like she has turned into a real slacker
By
Anonymous, at 6:51 AM, July 07, 2006
Talk about sinister thoughts, gee. She's sick, physically -- not slacking. Even if she was -- what do you care? Get your own blog. Duh.
By
A FRIN, at 1:31 PM, July 07, 2006
I'll bet schmidt is really sick about the tribune headline. Which showed that not only was the cost 263,000 BUT THAT HE IS THE ONE THAT PROPOSED THE AMENDMENT AND IT PASSED 8-0. NOW THAT SHOULD MAKE HIM SICK AND EMBARRASSED. I guess he had a senior moment.
By
Anonymous, at 1:48 PM, July 07, 2006
Good job Yvonne!
By
Anonymous, at 5:31 PM, July 07, 2006
The Tribune was WRONG again!!!
Don't you get it yet?
They are caught up in the PP spin and what they print clearly reflects that.
Here's hoping they can hang in there with the handfull of subscribers they have left.
May as well be reading the Enquirer since the Tribune stories are so twisted they fail to reveal the truth.
By
East Ender, at 10:56 PM, July 10, 2006
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