Voters Are Trying To Educate Caddo Commission’s Slow Learners

[Grumpy Cat]

http://thehayride.com/2014/05/sadow-voters-are-trying-to-educate-caddo-commissions-slow-learners/

However, these arguments misunderstand economics and the proper role of government. In essence, tax proponents argued the one-off nature of shale money did not change the dynamics of government finance, but failed to understand how that sum could be used to change those dynamics. The sum can subsidize a tax cut that would stimulate economic activity that could assist in paying for general government expenses – and one must wonder how much of those expenses truly are needed, for since 2007’s beginning of shale extraction the parish’s operating expenses skyrocketed from $79.1 million to $93.6 million in 2012, an increase of over 18 percent where in this period the increase in the urban Consumer Price Index was only 10.7 percent. Notably, property tax as a portion of revenues declined from 61 percent to 55 percent in this period.

I guess this author doesn't understand that governments can spend money to improve an area, let alone lure business.