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Money is sent out of state

March 4, 2011 in News, Opinion

Editor:

Natrona County School Board member Donn McCall is quoted in the Casper Journal as saying, “At the end of the day we’ll bring a lot of money into the local economy.” The school board doesn’t get it, our money is already in the economy (taxes), the school board is sending it out of state.

The school board likes to point out that 70 (80 in one article) percent of the $130 million will go to local Wyoming subcontractors. Do the math then and that’s $39 million going out of state while $91 million stays here.

I admittedly don’t know how the expenses, overhead and profit is calculated in a professional services contract. I do know though that virtually 100 percent of the profit and most if not all of the overhead will go to the owners (stockholders) out of state.

I assume that most of the expense part of their ledger would be the cost of the design engineers, all of which live and shop (wash their cars) in their home town. Some of that expense item might be spent here I guess, trips to visit the job, etc., but again I think most would benefit their home town.

Do the taxpayers of that home town spend any money in Wyoming? No, they support their “local economy.” If the money turns over three times, that’s $117 million for the out-of-state home town.

This has been going on for years and the school boards think nothing of it, especially the University of Wyoming. Wyoming architects could have, should have, been awarded these contracts.

DENNIS RYAN, Casper

Originally published Mar. 4, 2011 in the Casper Star-Tribune

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