Thursday, August 7, 2008

UPDATE ECONOMIC CONDITIONS OF CONNECTICUT CASINOS

ACCORDING TO THE NEWS MEDIA WE ARE IN A RECESSION AND DIFFICULT ECONOMIC TIMES ARE GOING TO CONTINUE FOR SOMETIME.

WHAT HAPPENS IF THE CASINO CAN NOT GENERATE ENOUGH REVENUE TO COVER THE TRIBAL GOVERNMENTS ONE HUNDRED AND FOURTEEN MILLION DOLLAR BUDGET?

I THINK THE TRIBAL COUNCIL WILL BE LEFT WITH THREE POSSIBILITIES

1 BORROW MONEY TO MAKE UP THE SHORT FALL

2 BORROW MONEY AND CUT SERVICES AND EMPLOYEES

3 CUT SERVICES AND EMPLOYEES

IN TALKING TO ONE OF THE TRIBAL COUNCILORS HE STATED THAT THE TRIBAL COUNCIL IS DOING EVERYTHING IN ITS POWER TO NOT TOUCH THE STIPENDS.

ANOTHER COUNCILOR SAID MAYBE WE SHOULD NOT BE BUILDING THE GOVERNMENT COMMUNITY CENTER BUILDING. HIS REASONING, IT ONLY TAKES MONEY AWAY. IT DOES NOT ADD MONEY TO THE TRIBE BUT JUST THE OPPOSITE

MUNDU HAS BLESSED THIS TRIBE. HOPEFULLY WE WILL WEATHER THE STORM IF ONE IS COMING. LET US PRAY THAT THE MEDIA IS WRONG. .

PLEASE CHECK PREVIOUS STORY ON ECONOMIC CONDITIONS OF CONNECTIUUT CASINOS.

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