P. 1
NYS Comptroller Review of Executive Budget

NYS Comptroller Review of Executive Budget

|Views: 882|Likes:
Published by Celeste Katz
NYS Comptroller Review of Executive Budget
NYS Comptroller Review of Executive Budget

More info:

Published by: Celeste Katz on Feb 13, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

01/06/2015

pdf

text

original

The SFY 2013-14 Executive Budget proposes the introduction of Phase I Casino
Gambling and provides that the Legislature shall authorize up to three casinos in the
State. The casino sites cannot be located in the City of New York or Nassau, Putnam,
Rockland, Suffolk or Westchester counties, and would be selected by the New York State
Gaming Commission (Gaming Commission) through a competitive process. The casino
location and operator would be required to have significant support from both the local
government and the local community. Elementary and secondary education would
receive 90 percent of revenues from the casino facilities, while 10 percent would be
allocated to local government property tax relief. In addition, the Gaming Commission
would be directed to undertake a study in consultation with the REDCs to review
licensing and regulation, rates of taxation and levels of capital investment for casino
development. The proposal creates a separate office of casino gambling within the
Gaming Commission, which is charged with regulation of the casinos. The Gaming
Commission is also directed to issue a request for information from gaming operators
interested in developing the casino sites.

On March 14, 2012, the Legislature passed Governor’s Program Bill 30, a constitutional
amendment which would provide authorization for casino gambling at no more than
seven facilities in New York State. Constitutional amendments require the passage of a
concurrent resolution by two separately elected legislatures and subsequent adoption by
the voters. Therefore, the earliest this amendment could take effect would be after the
November 2013 General Election; however, the amendment has not yet been introduced
in the current legislative session.

The Executive Budget proposes lifting the remaining restrictions on the Lottery’s Quick
Draw game, which currently require that the premises where tickets are sold must be
larger than 2,500 square feet and that no one under 21 years of age may participate in
the game on premises where alcoholic beverages are sold. The Executive anticipates a
$12 million increase in All Funds revenue in SFY 2013-14 and $24 million annually
thereafter.

As a result of a series of racehorse injuries and fatalities at New York tracks, the
Governor convened the Task Force on Racehorse Health and Safety in 2012. In order to
fund the recommendations of the Task Force, the Executive Budget proposes allocating
one percent of purse enhancements at Video Lottery Terminal (VLT) facilities to
promoting and ensuring the health and safety of horses in New York. The Executive
estimates this proposal would provide an additional $1.5 million for the racing regulation
account annually. Any unused portion would be returned to be used for purse
enhancements.

The Executive Budget seeks to create a new account to be used for the administration of
the Gaming Commission. The Gaming Commission was established in the SFY 2012-13
Enacted Budget through the merger of the Division of the Lottery and the Racing and
Wagering Board. The Executive indicates that the new account is required because
administrative expenses cannot be paid from the State Lottery Fund or from racing
regulation funds. The new commission will commence operations on February 1, 2013.

50

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->