Officials in Kokomo and Howard County are in a tough spot. The “new” Chrysler created after its bankruptcy
sale to Fiat contends it‘s no longer on the hook for $12.9 million it owes various local taxing bodies this year and
$12.3 million it will owe next year.
The taxes are on equipment in the factories its runs in Kokomo. The new company
is paying its real estate taxes. Yet, it also is asking that the assessed value of two plants in Kokomo be cut roughly in
half, to $55 million.
Chrysler officials have stopped corresponding with local officials, according to the Kokomo
Tribune, which is tracking the unfolding mess.
Huge money is at stake for the county. Kokomo would be a Chrysler colony were it not for also hosting a sizeable Delphi
electronics complex, which has had its own struggles. Imagine if dozens of Eli Lillys unloaded tax obligations all at once
in Indianapolis.
This comes at a delicate time for Howard County. Fiat is scrutinizing Chrysler operations to find
places to cut costs. So the last thing local officials want to do is make the new owners mad.
Yet, government needs
money. Badly.
If you were the officials, what would you do?
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Welcome to the archives for NewsTalk, an IBJ blog published from November 2007 through December 2010.
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Laura-the festivals and tastings are free. What does is strengthen the sense of community with activities. What are those empty lots doing for the Village? it's sad you can't see the good that this progress can do for the area. No one is requiring anyone to shop there. I guess you'd rather see a Dollar store move in or no, we'd rather see the property stand empty b/c change is out of the question.
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Read down to the part about Brizzi. Someone needs to subpoena his "purchases" of Red RockPictures and Cellstar and his corresponding bank records, I mean c'mon, I'd like to see his alcohol usage records, too. http://diana-vice.blogspot.com/2011_01_01_archive.html
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Wonder if my neighborhood can advertise our "retention" pond and act like it is a beach too?
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a new record at the '11 salebration until they realized that it was a futile effort to get their crapwagon moter and crapwagon car up speed. And then they just quietly slunk off into the night and never spoke of it again. Nothing to see here folks.
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millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.
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