Wednesday, February 29, 2012
One TRILLION Dollars
Some people believe that a single Superbowl in Santa Clara will pay-off the stadium debt through sales taxes. WRONG.
Of every dollar spent, the state & county take 8.5 cents.
Of that 8.5 cents, Santa Clara gets one percent or 0.085 cents.
The debt will be 850 MILLION DOLLARS!
That means a Superbowl will need to stimulate spending a total of (850,000,000/0.085 = ONE TRILLION DOLLARS! and only in the city of Santa Clara.
Thursday, December 29, 2011
Redevelopment Rescinded Rendered Redundant
Hooray! The California Supreme Court rules against redevelopment agencies. I wonder how this will affect Santa Clara's questionable finance plan. Mayor Matthews whines; "This is devastating and disappointing... This is the worst case scenario."
Monday, September 5, 2011
Monday, June 20, 2011
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