EXTRA...
Searching the web for you every morning.Avant le deluge; Mashpee Tribes' budget; Sandwich considers closing Henry T. Wing School
Tribe to spend $30 million this year
Almost 40% of budget to promote casino
The first budget presented to Mashpee Wampanoag Tribe members offers a glimpse into their government's priorities.
The Falmouth Enterprise reports that a budget released by the Wampanoag Tribal Council calls for more than $30 million in spending for 2012, the most detailed look yet at the tribe’s finances.
The overall budget includes:
- $16 million of revenue from investors
- $9.7 million loan from the US Department of Agriculture
- $4.6 million in revenue from federal grants
The weekly says the tribe projects spending more than $6 million on “gaming per-development,” or 39 percent of the total 2012 loan spending from Arkana Limited, an affiliate of Genting Group and the Malaysian firm funding the tribe’s pursuit of a casino and other operations.
That represents half of what the entire gaming industry spent in the state in the last five year which was $11.4 million, according to a review of state lobbying records by The Associated Press.
Meanwhile, back in the courts...
A challenge to the Massachusetts gaming bill that authorized three casinos, while designating that one be offered to the Mashpee Wampanoag Tribe, has been rejected by a federal judge. Lawyers for KG Urban Enterprises were told by Judge Nathaniel Gorton the law is legal.
Read the Enterprise story here.
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