"On its 2008 tax return (most recent available), the Children's Museum is shown as having income of $29,608,000, which is down from the previous year's income of $56,674,002. The difference? The Children's Museum income from investments had dropped from $38 million plus to $12 million plus. As of the 2008 return the Children's Museum had stocks and other securities totalling $316,061,120.
The Children's Museum pays its executives handsomely too. Museum President Jeffrey Patchen receives a salary and benefits totalling over $500,000. Edward Bewel, CFO, Brian Williams, VP-Development, Craig Emsmiller, VP-Operations, Jennifer Pace-Robinson, VP-Exhibits, Katy Allen, VP-Human Resources, Brian Statz, Attorney and Jennifer Burch, Assistant VP-Development all make salaries and benefits approaching or exceeding $150,000 a year. In 2008, Children's Museum paid out salaries and benefits totalling almost $14 million.
The $100,000 grant would be just 0.33% of the income of the Children's Museum (when compared to its 2008 income). Is our $100,000 really better spent giving it to the Children's Museum rather than spend it on libraries, city parks or to open city pools on time?"
Council Republicans, led by fiscally liberal Ryan "I Never Met A Tax Increase Or Spending Program I Wouldn't Support" Vaughn, tonight showed they are no better than the Democrats they decry for big government and tax increases. Pray tell, why should a conservative like me vote for these Council Republicans who tax, borrow and spend every bit as much as the most liberal Democrats on the Council?
Note: Libertarian Ed Coleman also told me he would have voted against the measure.See also: Tuesday, June 1, 2010, City Poised to Give $1 Million Away to Art Groups While City Pools Stay Closed Over Memorial Day Weekend