Monday, December 3, 2012

Indianapolis Mayor Greg Ballard Likely to Seek Two More CIB Tax Increases

Unfortunately, I can't say I'm surprised.  Jon Murray of the Indianapolis Star reports:
One conflict is nearly perfectly teed up: Starting Jan. 1, a two-month window opens on an option for the city to hike taxes on car rentals and sporting event tickets, including to Colts and Pacers games.
Those increases are allowed under a 2009 state bailout for the then-struggling Capital Improvement Board. They could raise an estimated $6.9 million a year to help the CIB maintain its more recent financial stability. The CIB, a semi-independent agency, operates the city's sports venues and convention center. 
Ballard says he's considering seeking the twin tax increases.
Murray is being conservative in his assessment  It is almost a certainty Mayor Ballard will seek those tax increases.  At the same time, he'll be lobbying for a long-term deal to commit the City to giving the Pacers hundreds of millions more of our tax dollars to run Bankers Life Fieldhouse, a publicly-owned facility from which the Pacers get 100% of the basketball and non-basketball revenue.  It's a shame that this City can't expect fiscal conservatism from its Republican Mayor.

5 comments:

M Theory said...

I have no issue whatsoever with the city raising taxes on sports events. Let those who use it pay for it.

Paul K. Ogden said...

It's also a tax on rental cars. Rental cars are rented mostly by people who are local. And I don't think the ticket tax is just on sporting events. It's on all events. I do have a problem with jacking up the tax on tickets simply to hand over the money to a billionaire sports owner. This isn't about money to run the faciilities.

Melyssa said...

Yes, Paul. I agree with you there.

Indy Student said...

Does the council have the ability to word the taxing language specifically so the money has to be to support the building's themselves rather than just being dumped into the CIB fund or the Pacers/Colts Enetertainment division that runs the facility?

Paul K. Ogden said...

Don't know the answer to that, IS. My guess is they do, but the CIB would oppose it and the CIB always gets what it wants.