SPARTZ: I believe in local powers and local responsibility, so voters have an ability to have a more direct impact on these decisions. Although, we can take a look at enhancing flexibility, transparency of TIF adoption and expenditures, as well as broader involvement of elected local bodies. HCBM: In what way should local elected bodies be more involved? SPARTZ: By requiring that the capture of incremental value from any elected body be subject to a vote by that body. HCBM: You are in favor of limited government. Do you feel the state government is too large now and, if so, where do you think we should cut? SPARTZ: I believe we need to implement the COSO internal controls framework to enhance efficiency, effectiveness and accountability of our state government.
to advance Indiana’s brand even further, nationally and internationally, and establish long-term frameworks.
HCBM: What do you think is the biggest impediment to free enterprise in America and in Hamilton County?
SPARTZ: As Hayek discussed in his work (and also a lot of socialists), socialistic trends are inevitable, and socialism can be avoided only if we start recognizing SPARTZ: I am a big believer in free enter- the possibility of a development in this prise and amazed with some economists direction, which happened throughout and philosophers like Hayek, Friedman, history. I think we are at that point again. Mill, etc. Their work is as valid and I would like to quote Alexis de Tocqueville: “Democracy extends the sphere of individual freedom, socialism restricts it. Democracy attaches all possible value to each man; socialism makes each man a mere agent, a mere number. Democracy and socialism have nothing in common but one word: equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude.” I would also add as someone who grew relevant today as it was during their up in a socialistic system that socialism times. I also think every student should creates two classes: political elites on top read “Democracy in America” written by and everyone else—equally poor. HCBM Alexis de Tocqueville in 1835. HCBM: I’ve noticed you like to quote writers and thinkers on economic issues. Who are your favorites and why?
photo by Victor McCarty
abatements, TIF districts, etc. Do you think our local cities are using them wisely?
HCBM: Can you explain what COSO is and how it works? SPARTZ: Sarbanes-Oxley (SOX) Section 404 required public companies to adopt the Committee of Sponsoring Organizations of the Treadway Commission (COSO) Internal Control–Integrated Framework. This framework is the best practice for the design and operation of internal controls to achieve an organization’s mission and objectives, and includes five components: control environment, risk assessment, control activities, information and communication, and monitoring. In recent years, the importance of Enterprise Risk Management and internal controls has been getting more traction in the public sector. HCBM: Legislators often focus on a few favorite topics or issues on which to distinguish themselves. Do you plan to do that and, if so, what areas interest you? SPARTZ: I am planning to work on all priorities we have to address. As a business person and educator, I am very passionate about enhancing our competitiveness, business and innovative environment, and educational opportunities. We have an excellent opportunity
Thousands of Hoosier families have to choose between basic needs and wants each day. The Children’s Bureau Hope for the Holidays program is a perfect opportunity to help your kids understand the circumstances in which many of their peers live. Instill a giving spirit by sponsoring kids who need it most this season.
Beginning November 3, visit:
h4h.childrensbureau.org
December 2017 • January 2018 • Hamilton County Business Magazine
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