“IS IT TRUE” APRIL 1, 2019

first_imgFacebookTwitterCopy LinkEmailShare We hope that today’s “IS IT TRUE” will provoke honest and open dialogue concerning issues that we, as responsible citizens of this community, need to address in a rational and responsible way?IS IT TRUE according to the Indy Star the Chairman and CEO of Spectacle Entertainment, Rod Ratcliff have contributed more than $1 million to the Republican Governors Association since 2016?   …the RGA became a financial lifeline for Indiana Governor Eric Holcomb in 2016 after his campaign got a late start and was then restricted from accessing the campaign funds of his predecessor, now-Vice President Mike Pence?IS IT TRUE the Indy Star also reported: “that since 2016, Rod Ratcliff’s companies have given $577,500 to the Republican State Leadership Committee, a national organization that helps down-ballot statewide and legislative candidates”?  …”this group reportedly gave more than $550,000 to the campaigns of Holcomb’s lieutenant governor, Suzanne Crouch, and the Indiana House Republican Campaign Committee, which is led by House Speaker Brian Bosma”?IS IT TRUE the Inday Star reported that “in 2005, as the owner of Hoosier Park in Anderson, Rod Ratcliff set up a charity organization amid a push to legalize slot machines at horse tracks and paid Rep. Dave Frizzell $68,000 to serve as its president”?IS IT TRUE last week it was also reported in the Indy Star that “The flight’s tax records show the costs of Spectacle Entertainment to fly Governor Holcomb to two National Republican Conference Of Governors were about $20,000″?  … “these flights gave Spectacle Entertainment’s CEO Rod Ratcliff and his business partners hours of exclusive access to the governor”?  …”it’s a well-known fact that the Governor has final say over the plans to move two Gary casinos to more lucrative locations”? …it was also reported by the Indy Star that one of the flights was just a day before Spectacle Entertainment’s CEO Rod Ratcliff announced plans to acquire those two casinos”?IS IT TRUE that the Indy Star reported: “that the Chairman and CEO of Spectacle Entertainment, Rod Ratcliff have built a career on making big bets on new gambling opportunities in Indiana”? …they Indy Star reported that Mr. Ratcliff was a driving force behind the state’s decision to legalize riverboat gambling in the 1990s and to allow slot machine casinos at horse tracks in the mid-2000s”?IS IT TRUE the Indy Star published that In 2005, “as the owner of Hoosier Park in Anderson, Rod Ratcliff set up a charity organization amid a push to legalize slot machines at horse tracks and paid Rep. Dave Frizzell $68,000 to serve as its president”.IS IT TRUE according to the Indy Star “in 2015 a political fundraising campaign was started by the Chairman and CEO of Spectacle Entertainment, Rod Ratcliff in order to get approval by the state to allow live table games at racinos was held at an off-track gambling parlor in Downtown Indianapolis”?  …”Spectacle Entertainment hosted more than 30 fundraisers for lawmakers”?IS IT TRUE that the following Indiana Casino owners contributed the following amounts of money to the National Republican Governors Association in 2018?  …that Spectacle Entertainment (Majestic Star 1 and 11) donated $496,486? …Penn National-Ameristar, Hollywood Casino gave $175,000? …that Caesars-Horseshoe So Indiana, Harrah’s, Indiana Grand, Hoosier Park, and Horseshoe Hammond contributed $60,000?  …Boyd Gaming-Blue Chip, Belterra give $25,000?  …the IRS records showed that the National Republican Governor Association didn’t receive any political donations from the Eldorado Resorts, Tropicana Evansville or French Lick Casinos owners in 2018?IS IT TRUE over the several year’s government watchdogs have expressed concerns that new amendments made to casino gaming laws were seemingly motivated by donations to the right political person or political group? …we wonder why one of these governmental watchdog groups hasn’t asked the proper enforcement authorities to look into any possible wrongdoing on anyone in the gaming business?IS IT TRUE we wonder why members of our local state legislative delegation, Evansville Mayor Winnecke, members of City Council, Vanderburgh County Commission or County Council hasn’t publicly said one thing about the current gaming laws being amended to allow Spectacle Entertainment to open a new casino in a city just 150 miles from Evansville? …if this happens it will adversely affect the future profits of Tropicana-Evansville and the tax money the city and county receive from local gaming? …we hope the reason why our elected officials haven’t publically addressed this issue is that they are gathering facts concerning this issue and not because they received a political donation from the powers that be?IS IT TRUE that ”Generally, accrual accounting is recognized as superior to cash accounting, as accrual accounting provides a more accurate picture of a local government’s current financial position? Under accrual, the local government must possess and report the requisite resources to meet each expense?   …this, in turn, provides a more complete picture of the fiscal situation of a local government over the course of the fiscal year?  … under cash accounting, the government can simply report revenue or expenditures as they occur, making it difficult to determine if the local government’s financial situation is truly in balance?“IS IT TRUE as a result, local governments with unfunded liabilities could potentially hide these obligations for several years before it becomes apparent they are unable to meet them? …in addition, meeting GAAP standards requires local governments to produce government-wide financial statements under the accrual format? … failure to produce GAAP-based statements reduces the comparability of Indiana’s fiscal indicators to states that comply with GAAP, and likely will result in higher local government borrowing costs in the future.?”Todays“Readers Poll” question is: If you’re an elected official and someone donates  $500,000 to your campaign do you feel that they expect you to do something from them?Please go to our link of our media partner Channel 44 News located in the upper right-hand corner of the City-County Observer so you can get the up-to-date news, weather, and sports. We are pleased to provide obituaries from several area funeral homes at no costs.  Over the next several weeks we shall be adding additional obituaries from other local funeral homes.  Please scroll down the paper and you shall see a listing of them..If you would like to advertise on the CCO please contact us at City-County [email protected]:  Any comments posted in this column do not represent the views or opinions of the City-County Observer or our advertisers.”READERS FORUM” last_img read more