Wednesday, November 01, 2006

ISSUE 3 - CHARITY BEGINS AT THE RACETRACK!

ISSUE 3 IS NO VOTE

I have a real hard time with the numbers that are cited as to what every group will get on the distribution (based on the YES ON 3 materials), they are giving the Casino operators 55% share of the income. The grant funds and the 88 Counties share in only 38 %.

I have worked for Non-profit organizations before and they have to support their organization by taking only 15-20% of each dollar they raise for administration. I think this is the way this Issue should work as well. They claim that the Facility Owners get only 10% and the remaining 35% is for salaries, benefits, taxes, equipment and operations. (I wonder if these workers will be subject to the minimum wage Issue if it passes)

8% or $227,373,234.64 of the annual gross will go to debt service, what happens when the debt is paid off or will it ever be. By the way that is the SAME DOLLAR AMOUNT as what is being divided up among the 88 Counties.

One more thing, how long before we as the Voters will be asked to include gaming tables into this scheme.

ISSUE 3 does not pass the smell test to me --VOTE NO on 3

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