November 14, 2003
Slots for naught
Maryland Gov. Bobby Ehrlich thinks slot machines at racetracks around the state (including Prince George's County) will help reduce the state's defecit. Here's an example of the perils of this plan, writ small:
One of Hobson City’s primary revenue sources is dropping by more than half. Attendance has been slacking at I-20 Bingo, decreasing the city’s revenue from the operation from approximately $2,000 a week to $700 a week, Pyles said.
That shortfall adds up to $67,600 a year, or about 10 percent of the city’s $698,720 budget. Pyles said the decreased revenue will force budget cuts and he encouraged council members to consider ways to increase revenue.
What do they do now? Ask people to gamble more?
Posted by rj3 at November 14, 2003 9:15 AM
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