NY Gov’s Proposed Budget Allows Casinos For NYC

Gothamist reports:

Gov. Kathy Hochul proposed a $216 billion state budget Tuesday that would provide bonus payments to health care workers, bolster funding for schools and clear the way for casinos in New York City. Hochul’s spending plan comes as the state is in a relatively strong financial position, thanks to a large influx of federal aid and stronger-than-expected tax revenue that have left New York with a projected $5 billion surplus.

In 2013, New York voters approved a change to the state constitution that would allow up to seven private, full-fledged casinos statewide. But an accompanying state law prohibited those casinos from being placed in New York City and surrounding counties until 2023 – unless the casino operators were willing to pay a big penalty to upstate casino owners. Her budget calls for ending the moratorium on New York City casinos early and getting rid of the financial penalty.

Read the full article.

Governor Hochul proposed a $216 billion state budget Tuesday that would provide bonus payments to health care workers, bolster funding for schools and clear the way for casinos in New York City.https://t.co/0rRGCa5HDv

— Gothamist (@Gothamist) January 19, 2022