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This is your RISC-Y Business email for May 3, 2009 |
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American taxpayers are feeding a voracious monster that threatens their very existence. Much like the unwitting tourist that feeds a wild animal only to whet its insatiable appetite, American taxpayers are funding a government bureaucracy that, at its current and projected growth rate, will eventually consume the private sector. Now, with the release of a study drawing attention to the disparity in pay and benefits between the public and private sectors, the seriousness of the situation is finally being brought into full view. GetLiberty.org: Feeding the Monster
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Providence seeks student tax at private colleges
Cicilline has been quietly meeting with student-government representatives and university presidents from Brown University, the Rhode Island School of Design, Johnson & Wales University and Providence College to garner support for the proposal, which has generated considerable debate on college campuses.
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Now, with the release of a study drawing attention to the disparity in pay and benefits between the public and private sectors, the seriousness of the situation is finally being brought into full view.
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Tom Parker: Tiverton Citizens Must Attend May 9 Financial Town Meeting to Prevent 'Surprises'
First, the letter we taxpayers got in the mail was our property revaluation, and, indeed, for many of us it is significantly lower than the previous assessment (my own decreased about $120,000). The tax RATE is the other key component in the final calculation of YOUR property tax bill. The FY2009 tax rate proposed by the Budget Committee is $14.73/1000. This is a $3.47/1000 increase (31%) over the current tax rate of $11.26/1000. So even if your assessment has gone down, your taxes could substantially increase. In my case, even though my assessment decreased $120,000 (14%), I estimate my tax bill will increase by over $1,100 (12%). Secondly, but much more frightening, any voter can make a motion from the floor during the upcoming Tiverton Financial Town Meeting to increase the budget, for any reason, by any amount. If a majority at the FTM approves it, that motion becomes law-- bypassing months of intense work by the Town Council, School Committee and Budget Committee. Presto! Your taxes go up by this additional amount. Rumor has it that there is going to be a motion from the floor to increase your property tax dollars going to the school department by $500,000. Also, there’s an outrageous petition to buy a new fire truck (which wasn’t addressed in the Fire Department’s budget submission and which the Town’s fire chief apparently didn’t even know about) at the cost of $110,290 per year for ten years. Ask yourself: what other “good ideas” are going to bubble up at the FTM? There is always an asymmetry at the FTM, where well organized public employee special interest groups attempt to pack the hall with their members and friends and block vote themselves more money (or a new fire truck that the town doesn’t need). If more that 50 percent of the FTM approves the motion, it becomes law, and your taxes go up…again. (Surprise!) You can be absolutely certain that those Town employees who desire more money will be there, carefully organized and fully prepared to vote to jack up your taxes as high as they can. For your own self protection you need to come to the Tiverton FTM on 9 May at 9 AM (come a little earlier to park and get a seat) at the high school. Vote NO for ANY budget increase from the floor; vote NO for the un-needed fire truck; vote YES for a secret ballot vote. So come (be certain to bring your friends) and vote. Help restore sanity to Tiverton’s budget, especially during these troubled economic times. Tom Parker, Tiverton Mr. Parker is a member of the Tiverton Budget Committee
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Marc Crisafulli: How to make the EDC work better
RHODE ISLAND has not been fostering economic development and creating jobs at acceptable levels for well over a decade, and probably longer. Unfortunately, that is not newsworthy, as everyone in the state freely acknowledges that disappointing reality. What is newsworthy, however, is that Rhode Island state leaders are trying to reverse that trend without old-school politics, attribution of blame or the burdens of low expectations and pessimism. Instead, Governor Carcieri, House Speaker William Murphy and Senate President Teresa Paiva Weed made public a series of recommendations prepared by us, the Economic Development Corporation Review Panel, that are designed to take a new approach with respect to economic development. Only time will tell if they are successful at delivering true change, but this collaborative effort is certainly a good start. |
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Robert Riley: Of course it was healthier
A letter to the editor on March 22 by Brian Wilder states that the Rhode Island economy was much healthier in the 1950s. He’s right! There was no state income tax or sales tax. What this state needs is less spending on all these social programs. Why do you think people are moving to Florida, Nevada and Texas — where there’s no income tax? ROBERT RILEY Cranston
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Charlestown: Budget plan hearing set for Monday
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Friday Five: Gambling Researcher John Warren Kindt
Leading the effort — which has been in the works for 20 years — is John Warren Kindt, professor of business and legal policy at the University of Illinois. The hefty, three-volume United States International Gambling Report took five years to compile and is intended to serve as a warning, Kindt said. "The United States and the international economies are headed in the wrong direction thinking that gambling will help them," he said. "It's Economics 101 that you cannot gamble your way to prosperity. But you can gamble your way into more recessions and even depression."
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New Film Shatters the Myth that “Good” Schools Are Found in “Nice” Neighborhoods
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