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Carmel needs to tighten their purse strings…
Pretty clear that Carmel made risky choices.
Population and median income are not the best way to look at this. Carmel has many more high income people than Fishers. According to the Census Bureau’s American Community Survey for 2019, Carmel had $6.3 billion in total personal income and Fishers had $4.8 billion. That’s just a rough measure, but the right way to do it would be to allocate tax distributions based on the actual incomes of people in the various cities. It’s trivial to geocode addresses today.
By the way, this is yet another piece of special anti-Carmel legislation passed by the state, simply taking $57 million away from Carmel and giving it to someone else. There’s probably been as much or more anti-Carmel legislation out of the General Assembly than anti-Indianapolis laws. But Indianapolis also benefits from enormous special purpose legislation designed to benefit it – like the new law allowing the city to create a downtown taxing district without voter approval – whereas Carmel gets nothing special from the state.
You would think that if the Republicans who run Indiana government wanted the state to prosper, they would look around and see what is working, and do more of that. Instead, they see a place like Carmel that’s made wise decisions, built a world class community, and is doing very well – and decided to punish them instead. The state prefers that communities pursue the more minimalist approach to Fishers, so that what’s they reward. This is an message from the state about what they want to see and not see.
Carmel shows a GOP model based on common sense centrism and public investment that is a standing rebuke to state government and the model it as pursued. Of course they don’t like Carmel, because it shows that our state didn’t have to pursue the course that it did. Carmel is the road not traveled for the Indiana GOP.