- $1.2 million from local option income taxes;
- $6.1 million from city-owned parking garages;
- $16.6 million transferred from the downtown and airport TIF districts; and
- $16.6 million from property taxes paid by property owners outside the TIF districts.
Per the usual, if you want to know the truth about the city's true financial state of affairs, you will have to turn to the blogs as your news source. The Ballard administration is lying to the public, and the mainstream media is simply parroting the administration's propaganda that further TIF district expansions are necessary to sustain economic development in Indianapolis. The only reason for expanding TIF districts is to continue this shell game of redirecting tax dollars away from the funding of basic city services towards economic development projects to allow the transfer of hundreds of millions of public dollars directly into the pockets of the developers who have bought and paid for the politicians we elected to represent the people, who will tell us that we have to choose between paying higher taxes or accepting fewer city services. Crony capitalism is job one for the Ballard administration, and the mainstream media has become its number one cheerleader.