By Stephen Pinto
The casino recently pulled in record revenues, yet Everett taxpayers have seen a substantial increase in property taxes without further payments to the city from Encore. The situation is only going to get more painful.
Can’t say I see any real improvements in the city, either esthetically or operationally as a result of Encore’s presence.
It appears the mayor, council and the administration were short sighted on Wynn’s potential earnings.
Everyone also underestimated the mayor’s extravagant spending habits.
Wynn executives are laughing all the way to the bank while Everett taxpayers and renters are taking it on the chin.
The mayor totally blew it when negotiating Wynn’s host agreement. Let’s hope he gets it right the second time around. Should the mayor and council continue their ways of spending, then it won’t matter. There will never be a host agreement sufficient enough to satisfy the taxpayers.
It’s time for the council to take a serious stand against runaway spending.
Now let’s play stack the deck.Continue reading “Where did we go wrong?”