Wednesday, November 12, 2008

VLT Aid Savings Proposal

NY State Governor David Patterson unveiled his plan for cutting $2 Billion from the State Budget. This includes cutting aid from VLT proceeds at Racino's given to local Municipalities. The aid will be reduced (except for the City of Yonkers) by 50%.

I can see why the State and Municipalities love these hypnotic machines, The City of Yonkers received a payment this year of $19,600,000.

The City of Saratoga Springs, if the plan sticks, will take a $1.6 million hit.

1 comment:

Anthony said...

Wow, didn't realize that much money was involved.