Interesting Year on Tap
We've stated, time and again, how Groot (and now Blow-job) have based budget revenue on complete fantasy numbers. From our comment section:
- Bally revenue at only 17% of Groot's expectations what a surprise at falling short.
[...] Bally’s has generated about $2.2 million in local tax revenue during its first three months in business - far from the $12.8 million projection of gaming tax revenue for 2023 set by former Mayor Lori Lightfoot before she left office.
So we started looking around and found this from early December:
Since opening, Bally’s has taken in nearly $21.9 million in adjusted gross receipts — the money kept after winnings are paid out. That has generated about $2.8 million in state tax revenue and more than $2.2 million in local tax revenue over three months, according to Gaming Board data.
The temporary casino, which was initially slated to open in June, was projected to generate more than $100 million in adjusted gross receipts this year. The city expected to receive nearly $70 million from the casino in 2023, including a one-time $40 million upfront payment from Bally’s and about $13 million in gaming tax revenue.
With the launch pushed back to September, Bally’s reduced projections to between $15 million and $25 million in adjusted gross receipts for the temporary casino this year, according to an August investor presentation.
Those numbers are pretty damn close to the "17% of expected revenue" appearing in our comment section and this is 17% of what Groot based her budget numbers on.
Now Blow-job has to make up 83% of Groot's bullshit number with downtown even emptier than last year, expenditures far outpacing revenue and tens-of-thousands of illegals who go through probably three times (or more) of the "projected" casino tax revenues every month.
Going to be an interesting year.
Labels: money questions
posted by SCC at 12:07 AM
70 Comments:
Remember when Lightfoot said that the new Casino should be built in Englewood?
What a bunch of fuckin' morons these assholes are.
They'd fuck up a one car funeral.
I suggest EVERYONE start buying extra ammunition and magazines just in case they fail on paying our pensions..
Printed up my water bill and read it. High water prices are to pay for the pensions obligations. So it sucks to have to pay it but hope to collect on it someday. Hard to believe we have that huge body of fresh water, a human right, but we have to pay through the nose for it. Drink up.
The road to insolvency is nigh.
It’s been planned.
It’s on purpose.
What type of cat food tastes best for human consumption? Im retiring in two years and want to plan on just living on the Rostenkoswki SS of $300 a month and no pension.
It is only going to get worse.
...just raise taxes and fee's for things services...
...raise traffic tickets ..
Who can I bill for this advice.
.
Another reason why I am escaping this crap show come summer. Bye….bye
sure is...
New laws for Illinois prisoners set to go into effect starting Jan. 1 – Center Square
December 26, 2023
Senate Bill 2073 allows those sentenced to life in prison while under the age of 21 to become eligible for parole review. Another law has to do with the resentencing of prisoners, according to Jenny Vollen Katz of the John Howard Association: "One is around the earned program sentencing credits and that they are going to apply retroactively. I know there is still conversation on how they will implement that law."
Murderers back on the streets in time for the pilgrimage to the DNC festivest in Aug.
Add the above to the democrat illegal immigrant proxy army in the tens of thousands currently conscripted in military styled high capacity barracks does anyone really think these recruits are going to calmly remain in their assigned shit hole shelters come spring time when the weather breaks? Rather be in a private tent than a shelter
Pritzker park is going to be filled with pop-up everything. Pop-up barber shops, pop-up shoe shine, pop-up pharmacies and more. Street vendor food stands etc,, and tents, lots of tents this spring
And the DNC will be going down right during the middle of yet another democrat corruption trial for Madigan. Could be city hall conviction #39 over the last 50 years
The city’s well-worn reputation for corruption was front and center for Burke’s trial, beginning even in jury selection, when Burke’s attorneys requested that the 25th-floor hallway panels featuring some of the biggest cases through the years be covered up so as not to sway jurors who might see them.
https://www.wsj.com/articles/democrats-prepare-for-convention-of-regret-2d1ad2b8?st=pvgegatxmc3a7hx&reflink=desktopwebshare_permalink#new_tab
Then since the DNC shit show will have national attention no better time to bring BLM, and Antifa to join in the free palastine shit.
We need legalized prostitution, you know, for the children. Legalized drugs , legal gambooling, the time has come for the jiggly room to go full blown around the world. After all now that tobacco and guns are going away,people will have more money and time for red light districts. State of Illinois building and old post office cum to mind. President roomba just appointed an akahol czar to look into new prohibition so folks will really be bored. Love me some deep thankin liberals.
Really SCC...
It's just a few dollars, some Casino advertising and all is well.
Vote Democrat .
This explains a lot
One-fifth (20%) of Illinois adults are functionally illiterate, according to the National Center for Education Statistics. That means they cannot understand the meaning of sentences, locate information on pages or complete simple forms, all of which would affect their abilities to hold many jobs.
In Cook County, 25% (1 in every 4) of adults are functionally illiterate.
https://www.illinoispolicy.org/1-in-5-illinois-adults-is-illiterate-but-its-1-in-4-in-cook-county/
A total waste of unaccountable resources.
Chicago Public Schools (CPS) now spends over $29,000 per student, compared to $17,800 per student in 2020. According to the Illinois State Board of Education, CPS enrollment has decreased by 8.9% since 2020, with the Chicago Sun-Times projecting an additional 2.8% decrease in 2023.
CPS performance has declined as well, according to the 2021 Illinois Report Card. Only 26% of juniors could read or practice math at grade-level. According to a report by Ted Dabrowski and John Klingner from Wirepoints, only 11% of Black students and 17% of Hispanic students were reading on grade level in 2021
https://www.thecentersquare.com/national/article_1774b89a-4015-11ed-ad1d-a37426722af4.html
As if this propaganda is a good news too..CPS graduation rate of 83% and 25% maybe more are functionally illiterate. Woo-hoo let's celebrate.
https://www.cps.edu › press-releases › chicago-public-schools-announce-record-high-graduation-rate-record-low-dropout-rate
Chicago Public Schools Announce Record-High Graduation Rate, Record-Low ...
CHICAGO - Chicago Public Schools CEO Pedro Martinez today announced the District's record-high five-year graduation rate of 83.8 percent, up by nearly 27 percentage points from 2011 when the rate was 56.9 percent.
Consider the root cause tax cheat functionally illiterate diversity hire union leader making a quarter of a million dollars a year and unwilling or unable to pay their water bill. What a fine example to aspire to.
.
More buses of illegals to Chicago would solve this.
Can I get paid for this advice....who can I bill ?
/
Now I am only guessing but maybe the taxpayers may have to open their wallets and purses?!!!
So...
Raise taxes, someone has to cough up the money.
...only 17% of Groot's expectations what a surprise at falling short.
Fuck you, Pay Me !
.
As was easy to see, those not that distant years ago, 2020 was the beginning of the ending of these rascals being able to conceal anything of their feckless ways.
Tho some did not need the hard way lessons, many did, and some still do.
Thus, the hard way lessons, brought to us all by:
Obamanation cabal hijinks, puppet mascot biden, clown kamela, and a cast of too fuckng many.
The too many to name millionaire tech dorks and their nasty, tricksy ways.
The democrat/rino/useless political fucks not worth even pissing on.
The pompous, perfidious pricks, twats and bloated everything social influencers.
Our illustriously demented public school teachers, many valuing their bloated paychecks more than being the shovelers of shit they have become.
All of the many 'woke' cretins, holding firm to their standard that their shit smells like roses.
The list goes on.....
...all equaling the no truer words ever spoken: We have met the enemy, and he is us.
They are never going to open the Tribune site, which is still used by the Tribune. Just like all the weed money, where does it all go?
So with numbers $$$ like that, who else thinks Bally will never go beyond the "temporary" casino?
It may just one day fade to black.
"The trouble with Socialism is that eventually you run out of other people's money."
-Margaret Thatcher
Chicago, New York, and every Democrat Shithole are running out money. The 10-12 million new illegals Joey Sponge Brain invited into the US area huge drain. I thought the Big Blue Cities would have been demanding Joey Shits Pants bail them out this year. They are going to have to get bailed out next year.
So Bally's adjusted gross receipts are right on target.
Did the city really expect that tax revenues would be as large as Bally's gross? What money was the city expecting Ballys to live on?
17% only.....
Fuck you pay me my 10% ....
I have a friend who has gone to Ballys a few times with her mom. She said it is NOT busy, costs for some game went from $20 to $15 because no one was playing the game and the winning percentage/payout is less than other places. She now is going back to someplace in MI and up in Waukegan.
...generated about $2.2 million in local tax...
Just what they are reporting....
Now, think of all the millions leaving the neighborhoods to feed this monster money...
You know they are all out of town investors....
Vote democrat I say....Vote Democrat...
So what...tax payers can pick up the slack....It's for the city.
isn't socialism beautiful? (or is it, technically, communism when the state owns the means of production?) How else would we know how much the house makes?
Stick the tax payer with the bill...
Next problem...
I should be in DC with my brain.
We will get half of what was promised to us if we are lucky!
The casino might have done better if people had more disposable income to play with. The beady eyed weasel in washington has wrecked the economy and a whole lot of people are living paycheck to paycheck.
No problem at all. Say it with me, tax increases coming soon. There problem solved. The Democratic way coupled with the Chicago Way. Win win for all except those paying taxes.
I hope only the stupid people that voted for this moron get laid off when the money is gone.
Heard that retirees will only get pension checks for 12 years. After that you're on your own.
Amazing that Democrats can fuck up something as simple as a casino. With this kind of revenue shortfall, BLM BJ will need to check himself into the loonie bin one more time for a stint.
Anytime a democrat projects anything it's a guaranteed loss. And you know they already spent that "projected" revenue before it was even made.
And who in their right mind would feel safe walking out of this casino with one's winnings in this shithole city?!
All part of the Democratic Socialist lie. BJ is turning into a basket case as people realize how stupid they are for again voting for the pointy headed three-piece empty suit. In less than a year his failure is evident to all to see and now he bears the label as the worst mayor thus far, even making Larry the Gansta look almost good. The only thing that is much more stupid the BJ is the voting public.
Rostenkoswki SS of $300 a month and no pension.
After the Windfall Profit Provision, Rostenkowski idea, I get $41.00 a month. Whooo Hoo!
Anonymous said...
What type of cat food tastes best for human consumption? Im retiring in two years and want to plan on just living on the Rostenkoswki SS of $300 a month and no pension.
12/27/2023 01:26:00 AM
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
$300 a month. Remember you won't see all of that. Medicare takes their premium out of that every month. And it just seems to happen that when there is a SS increase, that Medicare premium goes up almost the exact same amount as that increase! Oh the coincidence.
Too late to the party. Should have opened 25 years ago
Reality must be setting in pretty hard. I wonder if BJ will soon come to the realization that it's just not worth it...and turn in his resignation.
Just following groot and her dog and pony show, then the immigration issue comes on full blast.
It's harder to hold on to hold on to the liberal ideologue strategy when there is just not enough of other people's money to pay for it.
Now he learns there was an imaginary ideal in the budget and has to deal with a 70 percent shortfall.
I doubt he will resign...but it is going to be fun to see him grovel for more money...
Brandon Johnson offers condolences and excuses after immigrant child dies in Chicago shelter
https://www.msn.com/en-us/news/other/brandon-johnson-offers-condolences-and-excuses-after-immigrant-child-dies-in-chicago-shelter/ar-AA1m6E1r
Blowie has the "there's been no coordination" victim bullshit on repeat as if there's nothing he can do it's not his fault there's no coordination can you hear me LMAO
Whelp if there is no coordination why isn't Blowie sending his people to the border to coordinate things. Blowie says the kid that died is not his fault cuz the border is not giving medical care and screening. So if you buy blowies bullshit that he cares so much why isn't blowie sending a delegation to include healthcare workers to Texas to provide much needed help
You know why. Blowie is blowing smoke and is full of bullshit.
Blowie is tossing the (word) salad he learned from the Marxist Mayor seminar at Harvard. Talking shit in circles about this partnership and that partnership and partnering wrt illegals
Go blow it out your ass we are not buying it. Do something before the illegal immigrant violence starts, send them back!
Anonymous Anonymous said...
Stick the tax payer with the bill...
Next problem...
I should be in DC with my brain.
12/27/2023 06:50:00 AM
Somehow I keep thinking you are already there.
.
If the mayor would open an illegal immigrant landing zone in front of Bally's, send the Bally shuttle buses to El Paso border instead of whining and crying about being a victim and that there is no coordination that'll fix everything. /sarc
Get his hands on the $5k in fed money illegals are getting at the border.
Blowie talking about partnerships and no partnerships with TX to help them out tho. Of course shelters free luxury hotel rooms free food free clothes, free healthcare and speeding up work permits ia only going to make matters worse and encourage the rest of the world living in poverty to come.
IF immigrant shelters are only temporary where are the affordable houses/apartments these people going to move to. So far we need tens of thousands of them.
Enrollment in CPS is declining and the CTU is whining about teacher shortages using the "migrants" as a political tools to expand their political activist union the union that put mayor blowie in place
Kessing Bandit should open a Kessing Booth there...
Don't Kess me you fool....
.
Bally's Field of Dreams casino. if you build it they will come and it flops.
The promotion of this kind of pipe dream is just what Harvard univ. is looking for in it's faculty.
City of Chicago Mayor admin jobs be like...
Circus jobs are all the positions that allow circuses to operate and provide entertainment for audiences. This can include performance jobs, like juggler, acrobat, dancer, aerialist, ringmaster, clown or tightrope walker, as well as supporting roles.
Englewood will be a great location for a casino! If casino visitors have a taste for some healthy snacks, they can even stop by at the nearby Whole Foods!
Oh, wait...
Anonymous said...
Remember when Lightfoot said that the new Casino should be built in Englewood?
What a bunch of fuckin' morons these assholes are.
They'd fuck up a one car funeral.
12/27/2023 12:14:00 AM
Well 50 bucks too shoot dice. What do you expect
They didnt take my advice for Chicago tourism ads.
“Come to Chicago for your abortion. Then drop by the weed shop to take the edge off before you head to the casino for a fun night. All brought to you by Democrat values”
Anonymous Anonymous said...
isn't socialism beautiful? (or is it, technically, communism when the state owns the means of production?) How else would we know how much the house makes?
----
I think it's socialism when the government owns it, communism when the "people" own it. That's why the USSR was more socialist than communist, though the Bernie types would probably argue against that, since it doesn't make socialism look very appealing. They like to point to the mixed systems of Europe, ignoring that wealth in those systems is generated by multi-national corporations.
Can I use my brother's wife's sister's ex-husband's uncle's step-daughter's play cousin's baby's daddy's third LINK card to gamble?
We borrowed $600 million to rebuild Soldier Field. We owe $640 million. WTF???
After twenty years, we've paid down nothing? Not even the interest payments?
The expressways and tollways are an absolute cash cow, could make easily 100 million a year for pensions use cameras for speed and then another set to alert ISP to the altered plates "I don't know why the letters fell off!" we all drive on these and watch the clowns speeding excessively, cutting people off,using shoulder as their own personal lanes! Step it up trust fund baby. But wait brandons crew already steamrolls through stoplights and speed cameras, tickets be dammed, we have no leadership and brandon now is bragging he "talked to 80+ suburban mayors to help with the migrants," great job did he tell them to send them all here to Chiraq the dumping grounds with a cowardly weak mayor. They keep coming here, the Chicago taxpayers again are on the hook for this, why are they not at least given brooms to clean up this dirty city and expressways?
Raise taxes on everyone still living in Chiraq, legalize prostitution, legalize heroin, install slot machines in Board of Ed facilities.
Just advertise to the migrants. They can gamble away our tax dollars and the corrupt politicians can wash the money even more
What type of cat food tastes best for human consumption? Im retiring in two years and want to plan on just living on the Rostenkoswki SS of $300 a month and no pension.
I sleep better knowing at least some officers already won, congrats Jennifer Koniarski. You gave it to them :D
You can’t make big money without customers. And thanks to Mayor BJ, Lightfoot and Gov. Pigster, the customers are afraid to come to Chicago because of the uncontrollable crime and very very very soft on crime Kim Fox and the judges. Why would people come to that type of environment when they can go anywhere else in Illinois and gamble without having to watch their backs?
Anonymous said...
Printed up my water bill and read it. High water prices are to pay for the pensions obligations. So it sucks to have to pay it but hope to collect on it someday. Hard to believe we have that huge body of fresh water, a human right, but we have to pay through the nose for it. Drink up.
12/27/2023 12:20:00 AM
I’m with you on the huge mismanagement of finances and never ending taxes by these incompetent Chicago politicians but there’s many things that need to be done to the drinking water from Lake Michigan before it hits our mouths. I don’t mind paying a reasonable amount for it, but it has gone way beyond reasonable. However, if paying more fixes the pension fund then it’s worth it for us. But this is Chicago so I’m sure that will be another empty promise.
So the idiots at Bally's will spend millions to tear down the Trib's printing plant to then spend more millions build a casino in nowheresville that will be hell to get to, instead of using the already fully built original McCormick Place which even has its own Metra station next door.
I'll bet that Bally's will then demand that Metra build a new station on the UPN & UPNW lines next door to that, at Metra's expense.
The abject stupidity of this is mind boggling!
City can screw up everything and anything
Did anyone expect the casino to be a huge money maker
Anonymous said...
They didnt take my advice for Chicago tourism ads.
“Come to Chicago for your abortion. Then drop by the weed shop to take the edge off before you head to the casino for a fun night. All brought to you by Democrat values”
12/27/2023 12:45:00 PM
That is exactly what governor trust fund baby is pushing, trying to be president by advertising killing babies
https://apnews.com/article/pritzker-illinois-abortion-access-roe-dark-money-16ab0d498d77a4a9d695cff87211928c#
The casino might have done better if people had more disposable income to play with. The beady eyed weasel in washington has wrecked the economy and a whole lot of people are living paycheck to paycheck.
12/27/2023 07:16:00 AM
Oh ye of little faith. Bidenomics will cure all. /s.
On another note, as long as he is not using it, has that despicable piece of shit former mayor, Groot, opened his Chicago home for migrants to use as a residence?
It was always 17%... the other amounts were 100% grade-a, extra stinky made up Democrat bullshit
Anonymous said...
What type of cat food tastes best for human consumption? Im retiring in two years and want to plan on just living on the Rostenkoswki SS of $300 a month and no pension.
I sleep better knowing at least some officers already won, congrats Jennifer Koniarski. You gave it to them :D
12/27/2023 02:20:00 PM
In their 2021 tax filings Joe and Jill Biden received a monthly Social Security check for $4,555.00 monthly or $54,660.00 yearly.
The Water Department can save $150K by firing Chickles Chiczewski.
Lake Michigan water provided to the suburbs via Chicago's pumping station will be $5/gallon. That'll fix the revenue problem. Tax air and water (by the gallon).
Don't laugh, it's coming.....
"Anonymous said...
Another reason why I am escaping this crap show come summer. Bye….bye
12/27/2023 01:34:00 AM"
3 months and ticking for me! Tick tick tick tick.
In their 2021 tax filings Joe and Jill Biden received a monthly Social Security check for $4,555.00 monthly or $54,660.00 yearly.
12/27/2023 07:33:00 PM
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
So, that was on her earrings as a teacher?
Why doesn't the WEP apply to them?
Anonymous Anonymous said...
Lake Michigan water provided to the suburbs via Chicago's pumping station will be $5/gallon. That'll fix the revenue problem. Tax air and water (by the gallon).
Don't laugh, it's coming.....
12/27/2023 08:51:00 PM
That is ok look at the suburbs for example New Lenox triple lake Michigan water costs,and every burb that has water we send puts on fees for their slush funds.
Keeses are much better when conducted privately.
From one who knows.
Now, kees me you fool!!!!
" Anonymous Anonymous said...
Lake Michigan water provided to the suburbs via Chicago's pumping station will be $5/gallon. That'll fix the revenue problem. Tax air and water (by the gallon).
Don't laugh, it's coming.....
12/27/2023 08:51:00 PM"
Unfortunately, state law require Chicago to charge the burbs the same as it charges us in the city, so that won't happen.
You turn the city over to the demonized youth, then wonder why people stop going to the City to spend their money.
He is beyond stupid.
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