Tell your Rep/Senator to be good stewards of your tax monies and to vote NO on a no-bid 20 year contract that gives a $660M OVERPAYMENT to Twin River and IGT.
Twin River's EVP Marc Crisafulli testified, and our independent expert confirmed, there is a SIGNIFICANT taxpayer overpayment within the fine print of the proposed gaming contract. To give the estimated $660M overpayment context, listed below are a few government functions that those monies could be allocated to vs the lucrative overpayment to two already well paid businesses currently benefiting in the contract.
"For the sake of taxpayers and consumers across America’s smallest state, Rhode Island must pursue a competitive, market-based bidding process. Rhode Islanders are all too used to these shady backdoor deals forged under less-than-transparent conditions. But if state leadership embraces competitive bidding, taxes could be lowered and more money could be freed up for pressing public priorities. Rhode Island can, and must, do right by its residents".
~Ross Marchand is the director of policy for the Taxpayers Protection Alliance. Twin River EVP Marc Crisafulli implored the members of House Finance to put the gaming contract out to bid, testifying to the numerous components that made it a BAD DEAL for RI. We verified his concerns with our own independent study...in fact, discovering the deal was worse than Marc thought with the overpayment more than double his testimony at $660M.
Last year the 20 year no-bid contract was a BAD DEAL for Twin River, state revenues AND taxpayers. Twin River's Marc Crisafulli led the charge and pointed to all the areas of concern...specially calling out the Governor's own criteria for a "good deal."
Twin River's EVP Marc Crisafulli was the first to alert the General Assembly as to the awful insider deal being presented to the legislature for ratification by the Governor. Ironically, now that Twin River is in on the deal, our taxpayer funded independent expert has tabulated the OVERPAYMENT in this contract at $660 MILLION!!! With the state's huge budget deficit, with the state desperately needing funding for core government functions such as education, bridges and roads, our Vets Home, DCYF, etc., why would our leadership give away all that taxpayer money to two RI businesses?
Besides the $660M OVERPAY to IGT/Twin River in the proposed NO-BID contract, the Governor, Speaker and Senate President are ignoring the HUGE ADDITIONAL REVENUE potential in our Instant Ticket program by denying other gaming companies the opportunity to bid. Just ask SCIENTIFIC GAMES, who sent a RECENT email to our legislators, asking for consideration and a chance to compete for our gaming business. Our taxpayer funded independent consultant said we were leaving money on the table with a no-bid contract --and here's proof!
We had two gaming experts inform the legislature on the gross taxpayer $660 MILLION OVERPAY on this BAD IGT/Twin River contract:
In 2019 Marc Crisafulli, EVP Twin River testified on the need for a fair and lawful bidding process.
|
MEDIA INQUIRIES
CATEGORIES |
Learn More About Us |
Constituent Services
|
State Government |