LCO Tribal Chairman says Tribe is not Bankrupt

By KBJR News 1

August 21, 2012 Updated Aug 21, 2012 at 9:17 PM CDT

Hayward, WI (Northland's NewsCenter) -- The Tribal Chairman of the Lac Courte Oreilles band says the band is not bankrupt but to do nothing is not an option.

The band has been working for months to fix it's financial issues.

The band's casino revenues have dropped from six to less than $2 million this year and the band had implemented changes they call "Mission Possible" about eight months ago.

Hours for all employees have been cut to 32 per week, and the tribal chairman says that is just one of the changes the band had to make to keep away from bankruptcy.

LCO Tribal Chairman, Gordon Thayer says hours are cut indefinitely and says other governments could learn from the proactive measures the band is taking.

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