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EYE ON THE PIE Morton Marcus: Time for a tax strategy to boost retail

February 14, 2005

It is time to recognize the role of retail trade in economic development. Too often, we follow the notion that a community grows only because it exports. That which we mine, grow, harvest or manufacture is an acknowledged part of the economic base. It brings in dollars from outside. In some communities, we recognize tourism, medical and other specialized services as part of that export base. Just a few places see retail trade as a means of economic development. Yes,…

TAWN PARENT Commentary: Playing a game I may not want to win

February 14, 2005

I’m playing the lottery. But even if I win, I might lose. The stakes are high. It’s a lottery that will have a major impact on my family for the next decade. But this lottery isn’t about money. It’s about education. It’s the Indianapolis Public Schools magnet school lottery. Families submit their choices in the fall, and by the first of March they find out if they have won the right to attend any of their favorite schools. But there’s…

EYE ON THE PIE: County income taxes need simplification

February 7, 2005

How is anyone supposed to understand the tax maze created by our beloved General Assembly? For example, we have three local option income taxes. The revenue is collected by the state and sent back to the county where the taxpayer resides. These taxes enable counties to lower property taxes, pay for needed local services and lift themselves through the miracles of economic-development efforts. The idea is wonderful, but who can understand these taxes? First, there is CAGIT (the county adjusted…

NOTIONS: On a morning blue, a Valentine’s wish for you Morning Blue By Austin Hetrick

February 7, 2005

My son, Austin, is in love. He doesn’t use those words, exactly-at least not with his old man. But he’s listening to moody music, meeting his love’s parents and taking her out to movies. Most telling: When I suggested he spend time with other teen-agers during our Christmas-week cruise, he said, “No, I’m taken.” Last weekend, Austin was listening to Jeff Buckley’s “Hallelujah.” Deeming it “a very sad song,” he was inspired to write a poem. “I’m not usually much…

EYE ON THE PIE: Income tax surcharge to hit only 1 in 20

January 31, 2005

Gov. Mitch Daniels in his Jan. 18 State of the State address called for many changes. He sought to put aside partisan differences and private calls for privilege. Immediately he was abandoned by many in his own party. The idea that drew the most attention was the governor’s request for a one-year, 1-percent surcharge in taxes on those with income above $100,000. There might be some confusion about what the governor meant. Are we going to tax that part of…

EYE ON THE PIE: Airline and transit service linked

January 24, 2005

“So, what do you think about our new governor?” State Rep. Roberta Righteous asked as we met for breakfast. “No comment,” I said, studying the menu. “Until we have his financial program on the table and a chance to think about it, any judgments are premature.” “But he’s already set a tone,” the longterm representative replied. “Other than an injudicious inaugural reference to barn-building in an overwhelmingly urban state, there’s nothing to commend or condemn. The administrative changes he has…

NOTIONS: New Year’s resolution: It’s time for status quo to go

January 17, 2005

In the Jan. 3 issue of The New Yorker, writer Malcolm Gladwell reviews Pulitzer Prize-winner Jared Diamond’s new book, “Collapse: How Societies Choose to Fail or Succeed.” Diamond’s premise, says Gladwell, “stands in sharp contrast to the conventional explanations for a society’s collapse.” While conventional wisdom has it that “civilizations are destroyed by forces outside their control, by acts of God,” Gladwell writes, “the lesson of ‘Collapse’ is that societies, as often as not, aren’t murdered. They commit suicide: they…

TOM HARTON Commentary: City’s improvement doesn’t sink in

January 17, 2005

Dr. Pierre Tran, a former neuroscience researcher at Eli Lilly and Co., was lured from Indianapolis to a suburb of San Francisco recently by a small biotech firm and its ability to develop new drugs more quickly than pharmaceutical giants like Lilly. The region’s diversity and “food culture” also played a role, Tran told the San Francisco Business Times in a story about where the Bay Area finds all the brainpower it needs to fuel its tech culture. Tran went…

EYE ON THE PIE: State’s economy holds surprises

January 17, 2005

Last week in this space, legislators were challenged to learn something about our state. This week, we will provide some data so our busy representatives do not have to do the work themselves. All our data are derived from the excellent States-in-Profile section of STATS Indiana, maintained by the Indiana Business Research Center at Indiana University’s Kelley School of Business, a service supported by the Indiana Department of Commerce. The Indiana economy is the 15th-largest in the nation. Our gross…

EYE ON THE PIE: We’re saving more than you think

January 10, 2005

For years, I have been listening to Paul Harvey on the radio decrying the low savings rate of Americans. Our seemingly profligate ways, spending nearly all we earn, will lead us to the poorhouse, if not the eternal fires of debtors’ damnation. Many of my learned colleagues share this view. Americans are spending too much, consuming too much, saving too little. They tell us the personal-savings rate hit an all-time low in October, at 0.1 percent. That means we put…

CHRIS KATTERJOHN Commentary: Avoid Florida-like snags on stadium

January 10, 2005

NAPLES, Fla.-As I entered the state of Florida yesterday, I remembered that just about a year ago I was at a meeting in South Miami where Florida Gov. Jeb Bush was holding court on economic development efforts. His pride and joy was a deal to bring the Scripps Research Institute to Palm Beach County on the state’s east coast. I wrote a column about it in our Feb. 9, 2004, issue. Bush and his team had lured the highly regarded…

SPORTS: Behind the scenes with the city’s sports machine

January 10, 2005

For more than 30 years, I arrived at sporting events focusing primarily on the outcome, searching for a good angle, collecting a few quotes, and hoping to beat deadline. The only times I ever really noticed the staging of an event was to complain about it. I had a bad seat at the press table … or the final box score was too slow in arriving … or there weren’t enough telephones … or, the sorriest gripe of all, the…

EYE ON THE PIE: Let’s explore options to finance stadium

January 3, 2005

Phinneas Phogghorn, Indiana’s third U.S. senator, was home for the holidays and in fine voice at the Dixie Donut Shoppe. “Rubbish,” the jewel of Jeffersonville intoned to his assembled admirers. “Unadulterated rubbish is all I can say about the view held by too many Hoosiers that a stadium for the Indianapolis Colts is not for the benefit of all the people of Indiana. The Colts are more than a mere symbolic representation of the state in the minds of football…

Stressed college grads

January 3, 2005

A new poll shows college grads are worried about finding jobs â?? no surprise there, considering the sorry
state of the economy.

But the poll, taken by Edison Media Research, also shows a third of them fretting about their…

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Articles

EYE ON THE PIE Morton Marcus: Time for a tax strategy to boost retail

TAWN PARENT Commentary: Playing a game I may not want to win

EYE ON THE PIE: County income taxes need simplification

NOTIONS: On a morning blue, a Valentine’s wish for you Morning Blue By Austin Hetrick

EYE ON THE PIE: Income tax surcharge to hit only 1 in 20

EYE ON THE PIE: Airline and transit service linked

NOTIONS: New Year’s resolution: It’s time for status quo to go

TOM HARTON Commentary: City’s improvement doesn’t sink in

EYE ON THE PIE: State’s economy holds surprises

EYE ON THE PIE: We’re saving more than you think

CHRIS KATTERJOHN Commentary: Avoid Florida-like snags on stadium

SPORTS: Behind the scenes with the city’s sports machine

EYE ON THE PIE: Let’s explore options to finance stadium

Stressed college grads