Tuesday, January 15, 2008

The Governator's Assumptions "TOO Rosy" says LAO: No on Prop. 94-97

From the LAO:

In contrast to its generally solid estimates, some items in the Governor's budget continue to be built on rosy assumptions. For instance, the administration's estimate of Indian gambling revenues could be around $200 million too high, over 2007-08 and 2008-09 combined. (even if the states voters approve Propositions 94, 95, 96, 97 on the February 2008 ballot)

OP: Okay, if Schwarzenegger's budget assumptions are 'too rosy', then there is NO WAY that Indian Gaming will bring in $9 billion. That means the pro-expanded gaming is way off. How do you make up $200,000,000 in an upcoming recession? That's one reason why we need a NO vote. We need to get a better deal, say 50% of the tribe's monopoly profits.

That means the tribes would get $20 billion and California gets $20 billion. The difference? Tribes have to split their $20 BILLION between 1800 people and California divvy's it up between 33,000,000 people. Who gets the better deal then? Both. Vote NO and ask your congressperson to get us a better compact that makes sure that we get the money we deserve.

1 comment:

Anonymous said...

I have had several people ask me how I feel about Prop. 94-97.

I had a conversation with one person who said they were going to support it because she did not want her taxes to increase to cover the budget problems. I calmly wrote your blog address down and told her to visit this site. The next day she approached me and said she has changed her mind and will vote no.

Very good OP.