Delegate Tsosie: Why is losses of Twin Arrows Casino in such small print

Navajo Council questioning KPMG about its audit of the 2012 Navajo government operating budget.

DELEGATE LEONARD TSOSIE
Add all trust funds expended and it’s about $14 million. There are students trying to get $100 scholarship. And here we are spending $14 million without return. Why is audit findings of Gaming Enterprise/Twin Arrows Casino losing money in such small print?
There is also big payment on casino loan in 2015. Council never authorized balloon payments which is small payments at beginning and huge payment. Here balloon payment is $57 million from $8 million annually. I don’t know how many balloon payments out there.
If look at personnel payments and layoffs. Personnle went from $98 m to $97 m but look at retirement and pension, which are increasing. I know in NM state which has problem with pension and we are facing same problems.
As before, I’ve never been satisfied with audits.
Let’s take this to pple and have pple vote in pple that they know will protect their money.

2 thoughts on “Delegate Tsosie: Why is losses of Twin Arrows Casino in such small print

  1. Just imagine if there was an annual Navajo performing arts festival at Twin Arrows, and international Indigenous performing arts events as well, which would serve as destination events, drawing people from around the country and all over the world to spend several days there.

  2. Twin Arrows is a BUST! many Navajo Phoenicians applied and got jobs at Twin Arrows but changed their minds soon after. Many factors were soon realized and they declined their employment and stayed in the valley.

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