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The Chip Board Archive 13

NCR THE LONGEST TWO YEARS EVER RECORDED

THIS IS FROM AN EMAIL I GOT... DON'T KNOW FOR SURE - BUT IT SOUNDS LIKE OUR GUYS AT WORK TO ME... In 1981, when Marion County, Ind., needed a new sports stadium for Indianapolis, a temporary 1 percent tax was put on restaurant food. The Hoosier Dome was built -- and now plans call for it to be torn down to make room for a new stadium. But that's fine, right? The tax passed in large part because it had a two-year "sunset" clause, since that's all that would be necessary to pay off the $77 million stadium. But even though the tax has raised more than $250 million so far, it's still on the books. Politicians say that's because the tax is "co-mingled" with others and has been used to pay for other things, like an expansion of the convention center. In fact, so many things have been charged toward the tax that it must stay on the books until at least 2030 to pay it all off; nearly a half-billion dollars remain to be paid. So how will Indiana pay for the replacement for the Hoosier Dome? Politicians have proposed an additional 1 percent tax on restaurant food. (Indianapolis Star) ..."Temporary" (adj.): The period of time between a political promise and the date the last politician who supported it dies. --This is True Political Dictionary


Copyright 2022 David Spragg