Fun with numbers
Monday, May 7, 2012 - Posted by Rich Miller * From the Tribune we find a story about the company which manages the state Lottery…
* The company promised $825 million in total revenues. It’s on track to bring in $770 million. That may actually be a $100 million increase, as you’ll find if you read way down deep into the article explains…
But, as the article notes, the Lottery claims it transfered $690 million last fiscal year to the state budget. Nobody could explain the discrepancy. Northstar has to meet a specific goal or it’ll be fined. According to the Trib, if the company hits the $770 million projection, it would owe nearly $11 million in penalties…
What we really need here are the real numbers. The Lottery needs to start sharing. Pronto.
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- Mouthy - Monday, May 7, 12 @ 11:40 am:
Ha. Pay up or fold.
- Freeman - Monday, May 7, 12 @ 11:55 am:
Their Fiscal Year 2011 annual report still isn’t up on the website and we’re in May.
So much for private management improving efficiency.
- Dan Shields, Springfield, IL - Monday, May 7, 12 @ 11:59 am:
MONEY + BEAN COUNTERS + IL STATE GOV’T = MESS
- Biftwich - Monday, May 7, 12 @ 12:23 pm:
MONEY + BEAN COUNTERS + PRIVATE CONTRACTORS = MESS
- langhorne - Monday, May 7, 12 @ 12:24 pm:
yepper, lets turn this over to the private sector. where’s the transparency? doesnt seem right to have lottery officials negotiate lower goals (performance) with their management company.
- wordslinger - Monday, May 7, 12 @ 5:06 pm:
This sounds like a job for Frank “Lefty” Rosenthal and Donald “The Wizard of Odds” Angelini.
If projections are still short, they can call in Tony “The Ant” Spilotro.
Those guys knew how to run a numbers game.