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Originally Posted by Kasept
Matt Hegarty and Steven Crist
HERE IS CRIST'S COLUMN FROM 2/22/09:
OTB makes plenty of money for the city, even beyond all its jobs, but its accountants state its complicated revenue streams in a disingenuous way that makes profits appear to be losses. It collects over $10 million a year alone in "surcharge revenue," the dimes and dollars it filches from horseplayers by paying only $3.80 on a $4 winner, and that money goes straight to the city. Yet OTB categorizes this windfall as an expense, and then the city claims OTB is not giving it any money.
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Well "its accountants" are either criminals or are doing exactly what they are suppose to under GAP. Surely their is more proof then Crist suggesting this in a column..Again, I don't doubt they are playing a game