The INDsider -> Nathan Stubbs FRI, NOV 13 10:32AM by Nathan Stubbs

All eyes on B.R. bond vote

Baton Rouge voters go to the polls tomorrow to decide the fate of a $901 million capital improvements tax package. The measure, being pushed by B.R. Mayor-President Kip Holden, includes a half-cent sales tax increase and a 9.9 mill property tax. The new funding would go toward drainage improvements, a new parish prison and public safety complex, traffic light improvements and riverfront development. The measure is similar to one that Baton Rouge voters rejected by a slim 3,000 vote margin last year. This year, Holden resurrected the issue and has been campaigning hard for its passage.

Local officials in Lafayette, as well as across the state, will surely be watching the results intently, viewing it as a bellwether for how palatable any new tax measure is in the current economic climate. One major component of the bill — the half-cent sales tax increase — is similar to a measure pushed by Lafayette City-Parish President Joey Durel in 2006 (his proposal called for a 1-cent increase) that was to go toward funding road and drainage improvements. Durel has characterized the tax issue's failure at the polls as one of the biggest setbacks of his administration.

In Baton Rouge, the bond vote has energized both sides of the issue. Campaigning for: Mayor Holden, the Baton Rouge Chamber, and a group of young professionals called Progress Is. In the other corner: The Baton Rouge Tea Party, which has been beating the streets to "beat the bond." For more on the vote, read the story in today's Advocate.


Comments (1)add
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written by StokeyBob , November 15, 2009 - 07:47 pm
I feel the reason behind most of our troubles and the need for TEA Parties is the government’s ability to print up whatever money it wants to manipulate us.

Maybe this will help make the danger of fiat money clear.

Imagine you and me are setting across from each other. We create enough money to represent all of the world’s wealth. Each one of us has one SUPER Dollar in front of him.

You own half of everything and so do I.

I’m the government though. I get bribed into creating a Central Bank.

You’re not doing what I want you to be doing so I print up myself eight more SUPER Dollars to manipulate you with.

All of a sudden your SUPER Dollar only represents one tenth of the wealth of the world!

That isn’t the only thing though. You need to get busy and get to work because YOU’VE BEEN STIFFED with the bill for the money I PRINTED UP to get YOU TO DO what I WANTED.

That to me represents what has been happening to the economy, and us, and why so many of our occupations just can’t keep up with the fake money presses.

They have been beating us with our own stick!!!!1

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