ZC welcomes tips and inside information

Zionsville Confidential
wants to hear from any members of the public concerning tips, inside information or anything you think the site needs to cover.







E-mail zionsvilleconfidential@gmail.com. You do not need to provide a name or any contact information, though that is your option.







Any personal information you do give will not be shared unless you specifically ask that it be public.































Sunday, August 8, 2010

Let Them Eat Pizza


When Marie Antoinette told the French people, "Let them eat cake,'' the Revolution began.

But not so in apathetic Zionsville.

When asked how much the $42 million November referendum tax will cost Zionsville taxpayers, the school superintendent Scott Robison quipped:

"About the same price as a piece of pizza a day.''

At $5,850,000 a year for 7 years, make mine double sausage, double cheese please.

Where is the public outcry that will cost Zionsville property owners millions to pay off the School Board's humongous boondoggle of a new sports complex, new football stadium? All that and a multi-million dollar school sitting vacant.

The famous line from the school's financial guru Mike Shafer was that the empty school is being held in "strategic reserve.''

Are we in Kansas yet Toto?

And if residential property owners are not concerned yet, Main Street should be doubly worried because it will shoulder the greater weight of the referendum tax than a residential property of equal value.

Commercial properties, unlike residential ones, are not eligible for deductions for mortgages and homestead exemptions which add up, meaning that Zionsville businesses will have to cough-up almost three times that of the residential properties.

In a letter to the editor in this week's Zionsville Times-Sentinel, Peter Heles of Zionsville writes:
``There are approximately 50 parcels of commercial real estate on Main Street. The average gross assessed value of these properties is $485,000 based on the March 1, 2009 assessment. That means, on average, a commercial property owner on Main Street will pay an additional $10,015 for the seven year referendum tax.''

Heles is worried, as all Zionsville should be, that as hard as shopkeepers are trying to survive in the economic downturn, and in addition to increases in property taxes owing to the reassessments of the past few years, this new tax could cause some to shut their doors.

Pass the pizza.







No comments:

Post a Comment