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Archive for the ‘Economic Freedom’ Category

Top Dogs of the City

Monday, July 20th, 2009

So, who are the biggest earners working for the City of Columbus?  Employees protecting the public come out on top.  Eight of the top ten salaries belong to people working in the Department of Public Safety.

Police Chief James Garfield Jackson holds the top spot earning more than $200,000 a year.  Almost a quarter of that comes from “other” earnings. What constitutes “other” earnings?  According to The City Auditor’s Office “YTD Other includes, but is not limited to:  Terminal leave pay, Shift pay, Police Parade duty, etc.  The list of “other” pay codes is too lengthy to be broken down into individual columns.”

Holding the number two spot is 2008’s City Health Commissioner, Teresa C. Long.  Long makes just under $186,000 a year, $11,000 of which comes from “other” earnings.  Fire Chief Ned Pettus, Jr. takes the number three spot earning almost $183,000 a year.  Police Sergeant Michael Robison steals the number four spot thanks to over $10,500 in overtime pay and over $103,000 in “other” pay.  Rounding out the top five is Fire Assistant Chief Warren R. Cox earning over $158,500.

Mayor Michael Coleman holds the sixth spot, earning $158,302 a year.  Mayor Coleman does not receive any overtime pay and is the only top city earner of 2008 who does not receive “other” pay.  The number seven, eight, and nine spots belong to Fire Battalion Chief Douglas J. Smith, Fire Assistant Chief Jerry L. Mason, and Fire Assistant Chief Gregory A. Paxton respectively.  Coming in at number ten is Emergency Medical Service Coordinator David P. Keseg earning over $153,000 a year.

More Money, More Problems

Monday, July 20th, 2009

The City of Columbus seems to have found itself in a tough spot; an $80 million budget hole on one side and citizens needs on another.  The solution, according to city leaders, is to raise the income tax.

According to the Economic Research Service the median household income in Ohio is $46,645.  In Columbus it is even less than that, $37,897.  The per capita income in the city is less still, $20,450.

City of Columbus employees are a little better off it seems.  The median income for the almost 10,000 people employed by the City is $53,059.34.  That includes overtime pay but does not include pension, retirement, or benefits.

Total overtime pay for City of Columbus employees in 2008 totals more than $28 million.  More than 150 employees made more than $25,000 in overtime last year.  Those same employees represent 65% of the total overtime paid by the City of Columbus in 2008.

In the spirit of transparency, the Buckeye Institute requested a salary database from the City for all City of Columbus employees.  The City Auditor’s Office answered our request with .pdf documents detailing salary information including total overtime and “other” pay.

To make it easier to navigate through, the Buckeye Institute has converted the file into a Microsoft Excel document that can be downloaded and searched.

http://www.buckeyeinstitute.org/docs/XPP0947_YTD_2008.xls

The Buckeye Institute will be posting a series of stories related to the information found above in the hope of informing all Ohioans.

Maurice Thompson Talks About 1851 Center for Constitutional Law

Tuesday, July 14th, 2009

On June 17th, Maurice Thompson spoke to the Ohio Freedom Alliance about his work at the 1851 Center for Constitutional Law and economic liberty:

Growing Government, Shrinking Economies

Thursday, June 18th, 2009

Ohio’s politicians tell us that government involvement will help pull us out of the recession, but real world results seem to indicate otherwise. A report just released by the Brookings Institution ranks the Columbus economy 40th in the nation in a study of 100 cities. The study, which examines economic indicators such as employment rates, wages, Gross Metropolitan Product, housing prices and real estate-owned properties, determines how the economies of the nation’s largest metropolitan areas have improved or declined over the past year. Columbus is doing comparatively well economically, but the city shouldn’t get complacent, or it could end up like Cincinnati (61st place), Cleveland (64th), Dayton (79th), Youngstown (87th) and Toledo (89th).

That’s five of six of Ohio’s largest metropolitan economies in the bottom 50, even though a majority of other Midwestern cities are doing fine, if not excellent. What’s more telling is that not all cities are being hit equally by the recession, with some showing only modest losses. In fact, some are seeing promising improvements in unemployment rates and wages. But the report singles out Dayton and Youngstown as cities that began losing jobs two to three years before the national economy took a dive. Ohio’s Gross Metropolitan Product suffered one of the largest declines in the nation. Ohio’s economic performance is disproportionately poor, indicating that it’s not just an effect of the national recession alone.

It’s probably not shocking to people who live in these cities, but it certainly confirms that Ohio’s economy and the policies behind it are stunningly uncompetitive on the national scale. It also shows that Ohio politicians cannot continue to blame the faltering economy on externalities. We will need some real economic stimulus very soon–in the form of lower taxes and freer markets to attract and keep businesses in Ohio. More government clearly isn’t translating into more growth, and, according to this study, it’s likely having the opposite effect.

Death and Taxes

Wednesday, June 17th, 2009

As you may have noticed on our website, the Buckeye Institute today released a report authored by former Congressional Budget Office Director Douglas Holtz-Eakin and Cameron Smith. It discusses the effect of the estate tax on small businesses and finds that permanently eliminating the estate tax could create roughly 1.5 million jobs. In Ohio, over 58,000 jobs would be created. President Obama’s “stimulus” plans will ostensibly create 3 million jobs. An estate tax repeal would be a far cheaper alternative.

This study does not discuss state estate taxes. Ohio’s estate tax was the subject of a 2001 Buckeye Institute report which, while somewhat dated, still offers a grat analysis of the tax and recommendations for reform. The tax is also mentioned in the policy brief Ohio’s Dumb Taxes. Needless to say, the research suggests that if Ohio were to eliminate its estate tax, it would be better off economically.

Waxman’s “cap and trade” bill bad for Ohio workers

Monday, June 1st, 2009

At a time when Ohioans need most to build and maintain their financial security, the “cap and trade” measure spear-headed by US Rep. Henry Waxman of California, chairman of the House Energy and Commerce Committee, will do nothing but provide further hurtles for Ohioans to realize such security. This bill, which calls for restrictions on the amount of greenhouse gas emissions such as those produced by coal, would result in higher energy costs for consumers. Furthermore, the job security of those in high-manufacturing areas would be in jeopardy, leading those affected to tighten their budgets at a time when spending is most needed to stimulate our economy. The pending consequences to this bill are evidence to show that regulation does not help our economy but cripples the very workers and families upon whom it depends.

For more information on the effects of this bill visit the Heritage Foundation website.

For information on how this bill would impact Ohio directly, visit the Sandusky Register at this site.

Tom Woods Explains it All

Wednesday, May 27th, 2009

Listen here to a BuckeyeVoices podcast with Dr. Tom Woods, author of “Meltdown: A Free Market Look at Why the Stock Market Crashed, the Economy Tanked, and Government Bailouts Will Make Things Worse.”

Dr. Woods is speaking on the Ohio State Campus tomorrow evening, a learning opportunity you wouldn’t want to miss.

In case you missed it: IN’s Mitch Daniels on cap-and-trade

Friday, May 22nd, 2009

Judging by the product it passed yesterday, the US House Committee on Commerce and Energy would that we in Ohio have neither commerce nor energy. In a WSJ op-ed last week, Indiana’s Gov. Mitch Daniels weighed in on the politics behind this bill from a Hoosier perspective that applies just as well from here in Ohio.

Quite simply, it looks like imperialism. This bill would impose enormous taxes and restrictions on free commerce by wealthy but faltering powers — California, Massachusetts and New York — seeking to exploit politically weaker colonies in order to prop up their own decaying economies. Because proceeds from their new taxes, levied mostly on us, will be spent on their social programs while negatively impacting our economy, we Hoosiers decline to submit meekly.

The Obama Plan to Help Foreign Businesses

Thursday, May 14th, 2009

Add one dose of flawed thinking on taxes, another dose of misplaced outrage at “outsourcing,” some nifty Presidential rhetoric about “tax havens,” and what do you get? A Presidential tax plan that, as the Cato Institute’s Dan Miller observes, will hurt American businesses and provide a boon to foreign companies:

Ohio Socialism Watch, Episode 2

Wednesday, May 6th, 2009

Jackson

The government’s take-over of large parts of the American auto industry is a vital Ohio issue. Close to 6.5% of Ohio’s non-government gross state product comes from automotive manufacturing and related industries. While GM and Chrysler have very significant manufacturing investments in Ohio, so does Honda of America Manufacturing.  Ohio auto parts manufacturers supply the Big Three and other “transplants” throughout the country including Toyota, Hyundai and BMW and others. And there are over 10 million motor vehicles of all kinds owned and operated by Ohioans.

So when the federal politicians weigh in on automotive issues, they are directly impacting the wealth and prosperity of Ohio.

And here is what the Obama Administration is thinking in regard to the America’s, and Ohio’s, automotive industry:

What this country needs is a single national road map that tells automakers who are trying to become solvent again what kind of car it is they need to be designing and building for the American people.

Lisa P. Jackson, US EPA Administrator

Remember: Socialism is a centrally plannedeconomy in which the government controls all means of production and economic freedom is severely limited, if not totally abrogated by government. By subjecting Ohioans, both as consumers and producers of cars and trucks, to market choices defined by the governmental elites and where many of those choices permitted us directly involve the interests of government, socialist tendencies grow and economic freedom diminishes in our state.

HT to Manhattan Institute’s Steve Malanga who further offers a good, concise lesson on the teachings of Smith and Hayek.