Friday, October 12, 2012
Pat Andrews Owns Jeff Cardwell In Debate Over CIB PILOT
God bless Pat Andrews for the many hours of time she volunteers to inform our City-County Council and the general public on the pressing issues facing our local government. In recent days, the downtown mafia has become apoplectic over a proposal by Councilor Brian Mahern (D) that would require the CIB for the first time to make a payment-in-lieu of taxes (PILOT) on the downtown facilities it maintains and operates, which are valued at more than $1.3 billion and on which no property taxes are paid, including the Lucas Oil Stadium, Bankers Life Fieldhouse, Victory Field and the Indiana Convention Center, despite the incredible amount of public safety resources that are expended for the benefit of those facilities every year. Mayor Greg Ballard and the Republicans on the council think that residential homeowners aren't paying enough taxes and should forfeit the $13 million tax savings they currently receive on their property tax bills by virtue of the homestead credit in order to help the City shore up a $55-60 million deficit the City faces next year. The Metropolitan Corporations Committee passed Councilor Mahern's resolution yesterday on a 5-3, party-line vote. In the first video, Councilor Jeff Cardwell, a business owner who directly benefits from a working partnership with the downtown mafia, makes the case that homeowners and not the billionaire sports team owners and downtown convention business interests should bear the burden of closing the City's budget deficit. Councilor Cardwell worries about the financial impact the $15 million PILOT will have on the CIB, which currently has more than $67 million in cash reserves. Pat Andrews, speaking for ordinary taxpayers, totally destroys the arguments advanced by Councilor Cardwell in explaining why the $15 million payment will have little impact on the CIB's bottom line if it simply exercises some restraint in handing out our taxpayer dollars to the billionaire sports team owners and the downtown convention business.