Archive | November, 2009

The Government Is Sure Good At Throwing Our Money Away!

The Government Is Sure Good At Throwing Our Money Away!

Posted on 02 November 2009

As pointed out by Abel Harding in a recent Florida Times Union blog entry, Florida and Jacksonville taxpayers are on the hook for $918,000 in incentive money given in 2006 to commercial lender CIT Group Inc which is now in the 5th largest bankruptcy in U.S. history.  There is no word on whether the Jacksonville taxpayer will get any return on its “investment”, i.e. jobs promised in return for the incentive money, even though this seems unlikely now. Wouldn’t we have more fun if the government would simply throw all our money in a pit and set it on fire so that we could at least roast marshmallows over the flames and sing “Kumbaya” together?

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Jacksonville City Government Tax and Spend Hall of Shame

  • Out of Control County Courthouse Costs
    The original cost of the new county courthouse was supposed to be $190 million, but it soon ballooned up to $400 million before it was finally approved at $350 million by the City Council.
  • Peyton's Three New Fees
    Following the property tax reductions enacted by the Florida legislature, Mayor Peyton and the City Council rolled back needed tax relief by imposing three new costly and regressive fees on Jacksonville taxpayers.
  • Shipyard Debacle
    What do you get when you join a poorly drawn up contract with lax oversight of the downtown riverfront project by the city? $36.5 million spent, no downtown park and riverwalk and a black eye for the JEDC.

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Jacksonville City Government Tax and Spend Hall of Shame






Out of Control County Courthouse Costs

The original cost of the new county courthouse was supposed to be $190 million, but it soon ballooned up to $400 million before it was finally approved at $350 million by the City Council.

Peyton's Three New Fees

Following the property tax reductions enacted by the Florida legislature, Mayor Peyton and the City Council rolled back needed tax relief by imposing three new costly and regressive fees on Jacksonville taxpayers.

Shipyard Debacle

What do you get when you join a poorly drawn up contract with lax oversight of the downtown riverfront project by the city? $36.5 million spent, no downtown park and riverwalk and a black eye for the JEDC.