The Pellucid Perspective - September 2017 - 7

One of the luxuries of having a portfolio in an Enterprise
fund-like environment is that you can potentially lose money
on the majority as long as the portfolio breaks even.
thing that's clear here is there won't be 5 municipal courses in
Tucson in 2 years; I'll bet my next paycheck on that.
Closer to home (actually really close, where I live) here in
Buffalo Grove IL bullets are coming from a different direction. Most of you will know that Illinois is home to one of
the largest state budget deficits in the country, which means
our lawmakers in Springfield are trying every cashflow trick in
the book to keep more money for the state at the expenses of
the cities and municipalities. That situation, if I understand it
correctly, goes like this. The state of Illinois for the upcoming fiscal year has decided that a) it will reduce the income tax
distribution to local municipalities by 10% and, wait for it.... b)
they will charge a 2% service fee on sales tax distributions to
local municipalities reducing that revenue stream accordingly
in tandem. Trustee Jeffrey Berman (whom I know) summed it
up this way, "In a nutshell, given the shenanigans of the state,
they have absconded with 10% of our money and are imposing a fee on sending us our money." That's not exactly right in

that they've absconded with 10% of one of the Village's pots of
money and they're imposing a 2% fee on the amount they're
going to send us from another pot of money but you've got to
love his direct line of questioning to the Finance Director. So
what's this got to do with golf? Well, as part of the same Village
Trustees discussion, it happened to come to light that the Village subsidy to the Buffalo Grove Golf course has ranged from
$74-$700K annually over the past several years (oops). Trustee
Berman obviously jumped on this fact and propositioned that
if the Village residents were presented a referendum asking,
"Should your property tax bill be increased by that (the estimated annual golf subsidy) amount to support the golf enterprise subsidy?" The conversation continues but you can see here
another potential bullet aimed in the direction of municipal golf
in states with budget challenges and money-losing golf operations. One other thing I've learned over the years in watching
municipalities work (and particularly in golf ) is that as soon as
one municipality goes down a path like this, it's a hot topic and

Sometimes the best
moments of the job...

...are the ones
you don't get to see.

Your course is more than just a superb collection of fairways, greens and bunkers. To golfers, it's a sacred
place where memories are made. You're passionate about protecting healthy, happy places where we
work and play. We're with you. That's why we back our customers with the full scope of our global
scientific development, technical expertise, business-building tools, education and industry advocacy.

@BayerGolf
Bayer CropScience LP, Environmental Science Division, 2 TW Alexander Drive, Research Triangle Park, NC 27709. 1-800-331-2867. www.backedbybayer.com. Bayer (reg'd) and the Bayer Cross (reg'd) are registered trademarks of Bayer.
Not all products are registered in all states. Always read and follow label instructions carefully. ©2017 Bayer CropScience LP.

www.PellucidCorp.com

The Pellucid PersPecTive

7


https://www.backedbybayer.com/golf-course-management https://www.twitter.com/BayerGolf?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor http://www.backedbybayer.com http://www.PellucidcorP.com

Table of Contents for the Digital Edition of The Pellucid Perspective - September 2017

TOC
Is TopGolf going to save us?
Golf Tours and Solutions ups the ante in Myrtle Beach
Municipal golf remains in the crosshairs: From Tucson AZ to Buffalo Grove IL
NGCOA hosts first industry Technology conference in 20 years
August golf weather impact: 2nd consecutive month of positive “comps”!
Barring hurricanes, Miami golf market in decent shape
Faster carts not the answer to golf’s problems
The Pellucid Perspective - September 2017 - TOC
The Pellucid Perspective - September 2017 - Is TopGolf going to save us?
The Pellucid Perspective - September 2017 - 3
The Pellucid Perspective - September 2017 - 4
The Pellucid Perspective - September 2017 - Golf Tours and Solutions ups the ante in Myrtle Beach
The Pellucid Perspective - September 2017 - Municipal golf remains in the crosshairs: From Tucson AZ to Buffalo Grove IL
The Pellucid Perspective - September 2017 - 7
The Pellucid Perspective - September 2017 - 8
The Pellucid Perspective - September 2017 - NGCOA hosts first industry Technology conference in 20 years
The Pellucid Perspective - September 2017 - August golf weather impact: 2nd consecutive month of positive “comps”!
The Pellucid Perspective - September 2017 - 11
The Pellucid Perspective - September 2017 - 12
The Pellucid Perspective - September 2017 - Barring hurricanes, Miami golf market in decent shape
The Pellucid Perspective - September 2017 - 14
The Pellucid Perspective - September 2017 - 15
The Pellucid Perspective - September 2017 - Faster carts not the answer to golf’s problems
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