Friday, June 10, 2016

State Revenue Up, Local Revenue Down

Several years ago Ohio's voters approved a casino referendum, at least partly because the resultant revenue would be shared with all the counties and school districts. As we all now know the boys and girls in Columbus don't like sharing their money with the local folks. (See streets conditions and local tax levies).
In a successful effort to divert gambling dollars away from outlying local governments the legislature approved a “racino” (race track -casino) law that keeps more money in the state's excess cash account while sending zero dollars to Clinton County and county school districts.
Please note the news releases announcing that May's casino revenues were down while racino revenues increased. That's good for the state and bad for the local economy.
Paul Hunter

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