It's not that 90 percent gives us universal authority, ... Ninety percent gives us the financial ability to hire staff and the contractor to run the program.

And neither side has any regulatory board in Incline to look to for helping decide what's right. So then it turns to finger pointing.

There was this pool of money sitting in the retirement funds, that was not part of the (state treasury). A couple of legislatures burned up that surplus. We came back to ground zero — and then we got into the loss years.

Think of it as the ripples caused by a pebble thrown into a pond. They just haven't hit the shore yet.