How trends czar you know we we hear a lot about trends of crime but we also hear stories about prisons that it and letting people out early because of cost problems how are you --"
" Trends. You know our biggest challenge right now is with our state customers as you mentioned earlier we do business with nineteen states around the country. And as a -- with all the challenges in this very tough fiscal environment that policies affecting. Our book of business rolled -- to the state department of corrections that we contract with. So here in the short term states are have to make very difficult decisions as to relates to.
Over cried in their systems potentially earlier release in early parole. Trying to balance all those different issues with the backdrop of a very tough fiscal environment so it has had. Some impact on our operations here this past year and we -- going in the next year. And even if the next fiscal year 2011 it's gonna have impact our customers."
" The Damon how much of an impact on your business because more specifically states like Colorado are trying to. Reduce their prison populations. And cut sentences how much success do you think though. The states will ultimately have what that and what will be the ultimate. Impact on your operations."
" Colorado's a great example -- as you're well aware they announced late this summer the the plan initiative to. A release inmates out of their system and an accelerated way in and let people out early. Before they complete their sentence. All it is a challenge it is a challenge -- in Colorado and other states as they try to do these type of initiatives. The ramifications as relates to. Public safety. And the concerns by the general community in the legislators about these and may be released earlier often does -- some political issues. And you also have to -- appeared challenge of execution from the parole board and the stakeholders and make those decisions so. It's really kind of thought wait and see. For us right now Colorado and other state that they consider these tough decisions."
" Why are states so inefficient running Iran prisons right I mean it's a bit of assault all TI know when you look at the prices 125 bucks per inmate per day for California. I meet the costs are staggering to the taxpayer. Why there's so many problems running prisons for states."
" Well it's an excellent question there's three ways that we provide value one is the cost of the capex -- of the cost of the bricks and mortar of the prison. California the great example. We can build a facility. With all the state of art technology -- security of it over the range of 55000 to 65000 per bed. That compares to states building that same type of facility. -- work 82. 300000 dollars or more and you -- California. We've seen numbers north -- 300000. From bad to build new that's in California. She's got that cost difference there that's -- by you right back to the state. But he also is the the timing of those beds we can build a facility of one to two years. Verses that state taken three to seven years if not longer so we're dollar more cost effective but also bring -- on a lot more official based. Later states are slower and more expensive in the private sector that's kind of why -- ask you to question you tonight sort of media and it's.
Absolutely any other thing too is that we're not confined to a certain geographical area. So we can find the the best place in the country to build a facility and really still in a page from the manufacturing industry. We're the best place to buy -- reasonable realistic figure get a great workforce. You know 60% of percent of our crosses the labor so -- good workforce there -- pay a fair wage you get a break qualified work force enough rope bike path back up to the state. So we look at California again where you've got the state paying Clark -- 607080000. A year. We go to Arizona and fun -- workforce between 3540000. Years natural value that we passed back onto the state. David hiding your presidency of corrections corporate America have a happy Thanksgiving David thank you very much for joining us thank you --"