After Christie’s privatization, NJ lottery missing targets
Source: ASSOCIATED PRESS
WASHINGTON (AP) When Chris Christie privatized New Jerseys lottery two years ago, he said its new overseers would modernize and maximize the games.
Instead, a lottery once ranked among the nations top performers is now lagging for the second straight year, trailing its state income targets by $64 million seven months into the current fiscal year. Meanwhile, the company running it has spent hundreds of thousands of dollars to hire lobbyists and a public relations firm with close ties to the governor.
New Jersey lawmakers anticipated receiving nearly $1.04 billion in income from the lottery this year, a number reduced to just $955 million in a revised budget released this month. Having collected an estimated $510 million seven months into this fiscal year, the lottery is not on track to meet even its lowered expectations.
The shortfalls could mean budget cuts to programs directly funded by the lottery system such as after-school care, programs for veterans and education for the deaf should the lotterys fortunes not improve.
-snip-
Read more: http://www.salon.com/2015/04/01/after_christies_privatization_nj_lottery_missing_targets_2/
JustAnotherGen
(31,947 posts)C'moooooooooon. He's doing anything and everything he can to screw us over.
donnasgirl
(656 posts)That the privates are pocketing a bigger portion of the pie?
The CCC
(463 posts)One small correction. Could it be That the pirates are pocketing a bigger portion of the pie? YES! :lol:
donnasgirl
(656 posts)Thanks CCC
liberalmike27
(2,479 posts)And it's the same for all privatization. Owners of newly privatized prisons, or the PO, or whatever, will pocket more and more of the profits, while the poor workers will suffer lower wages, little or no benefits, the customers, or prisoners will suffer less, more inadequate care than already bad government care.
I can see stereos, cars, parts, speakers, televisions, and all sorts of consumer products being privately owned. In truth though, we should be pushing in the other direction, to put the government in charge of utilities, water, electric, gas, phone, Internet, pretty much all that we all need to use--all called "The Commons." Sadly, while we might get Democrats to "fight" privatization, it's hard to get them to actually suggest just the opposite, or "pull" on that tug-of-rope instead of trying to hold ground. Holding ground at best, keeps the status quo. Actually trying to pull usually achieves at least that, or maybe even moving a little left, which is what we need.
AlbertCat
(17,505 posts)"to put the government in charge of utilities, water, electric, gas, phone, Internet, pretty much all that we all need to use--all called "The Commons."
That's ...gasp!....SOCIALISM!
?1c389e
Besides, as we all know, because the GOP has told us.... The government cannot do anything right. Right?
wordpix
(18,652 posts)JustAnotherGen
(31,947 posts)It could be!
There's one thing that keeps the upper middle class and higher happy in New Jersey and it's the Homestead Rebate. If you have a mortgage at the Fed Level - you get a tax break. But in state - we also get a homestead rebate. And if you rent and don't make over (I think) 70K a year - you get a rebate as well.
If his austerity measures impact those rebates this year - he's screwed.
KittyWampus
(55,894 posts)as are the lobbying firms and his own coffers.
TreasonousBastard
(43,049 posts)a few other Christie stories.
http://www.nj.com/#/0
oldandhappy
(6,719 posts)His decisions about how to build a platform for a run for the presidency are all falling on him now.
mountain grammy
(26,659 posts)Would he be reflected? I wonder. He was last time.
JustAnotherGen
(31,947 posts)I think die hards are waking up. However - if we had a weak candidate like a Corzine again - who knows?
It would take recognition from National Democratic Organizations to really do a full court press to unseat him.
We have a flawless liberal and progressive - FLAWLESS in 2013 - but even here at DU some of the Democratic Party 'money' folks thought it wasn't worth the time to support Buono.
NJ libs/progressives are on our own - we aren't an important 'swing' state. *sigh*
My greatest fear is that the TEA types propel a TEA Candidate into Trenton.
mountain grammy
(26,659 posts)Ok, I looked that up, and he is. Guess that's why he'll run for president.
I hope the die hards are waking up. I talk to my old college roomie in New Jersey, and she can't believe how people love him She gets physically ill every time she hears someone gushing over Christie. She swears one of these days she'll puke all over one of them. I've begged her to wait on that until my next visit.
JustAnotherGen
(31,947 posts)Sweeney is going to push for him to step down if he runs - or he will have to extremely transparent in his campaign contributions.
I think people don't like him like they used to - and the local media is losing patience.
Cosmocat
(14,576 posts)Corbett TRIED the same move in PA, and fortunately he botched it enough that it did not go through.
But, locally, our county just passed a measure to privitize a portion of county services.
Same results will occur.
The problem is, this country has been so wore down by their bullshit, and is so distracted, we just burb and nod our heads when these jackasses scream "GOVERNMENT SUCKS" and will let them INCREASINGLY pull this shit, and when the privates pocket more and don't perform as well, frankly, no one will care enough to reverse it ...
LynneSin
(95,337 posts)Else Pennsylvania would have been fucked for decades.
I hope somehow the state passes a law that forbids privatizing these programs. Private businesses do not give a rat's ass about the state they are suppose to be supporting. They care about their stockholders and profits first.
How stupid can these republicans be?
Cosmocat
(14,576 posts)When a republican loses in PA, he has to really go out of his way to be bad, like Santorum.
Sadly, it is a simple fact of life how dogmatic republicans are at this point.
The problem is the non party loyalist going along for the ride.
LynneSin
(95,337 posts)that pretty much said how much Corbett really SUCKED!
groundloop
(11,528 posts)I'd bet that before too long Governor Soprano doesn't give a shit if he's re-elected or not because he'll have all he needs to live very very comfortably stashed in a Swiss bank account.
wordpix
(18,652 posts)fancy cars, vacations, jewelry and the like.
ohnoyoudidnt
(1,858 posts)That gives a share of its revenue to the government. Lobbyists can help increase their profit be diminishing what they give to the state or expanding lottery games.
still_one
(92,463 posts)LynneSin
(95,337 posts)You think Privatizing is going to somehow make more money for the state? Even a dingbat can figure out that the Private Company who owns it wants to make all the profits and it's the dumbass state that sold it out that is going to lose in the end.
Thank goodness Pennsylvania got rid of Corbett before he could privatize the turnpike and lotery in his state.
valerief
(53,235 posts)Enthusiast
(50,983 posts)BumRushDaShow
(129,683 posts)when Corbett was governor, where he even signed an illegal contract for it and the attempt was ended. It was interesting to see that Illinois apparently tried it too and theirs failed like New Jersey's effort.
I expect this was all part of the ALEC "Privatization of government functions" push. They want to push that "for profit" somehow costs less than "no profit (government) or non-profit". And although it looks good to them on paper paying the "for profit" employees nothing so that the top management can "maximize" the profit to fill their own coffers, eventually the model fails to provide any value to the public as it is by its very nature, a money-losing venture for the public and a winner for the contract-holders.
Enthusiast
(50,983 posts)for the citizens of a state. Just like, way after the fact, we will come to the conclusion that the privatization of education was a horrible idea. Well, many of us know it already.
liberal N proud
(60,348 posts)Most public services are not profitable! That is why they are provided by the government.
When will these ass-clowns figure this out!
oberliner
(58,724 posts)Relying on the lottery for state funding is more than slightly problematic.
I daresay it is immoral for the state to try to convince poor people to buy lottery tickets.