Phoenix LXIV: Will You Still Need Me, Will You Still Read Me, on Thread LXIV?
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11-20-2012, 07:56 PM
Join Date: May 2007
Originally Posted by
Further to Skeete's projections, he is saying further cuts or tax increases will be required in the future with or without the team.
His assumption is that with the team, revenue will fall short of expenses by $17.9M, and without the team, revenue will fall short of expenses by $17.1M. Both assumptions are based on current sales tax revenue and no improvement in the economy. I credit him for making that assumption. In either case, I think his assumptions may turn out to have been very conservation. Perhaps the hole will not be that big after the current sales tax increase expires, but either way the CoG has economic problems that go far beyond the Coyotes.
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