Maryland gambling enterprises were authorized by voters in 2008 on the grounds that the generated income tax income from legalizing commercial gambling is primarily used to fund education programs. But that promise, based on state Comptroller Peter Franchot (D), isn’t being kept.
Fifty-eight percent of voters supported the ballot referendum in 2008 to amend their state’s constitution and legalize slot machines at five privately owned video gaming venues. a referendum that is further in 2012 to incorporate a sixth facility, and invite table games at the gambling enterprises.
State Comptroller Peter Franchot says taxation revenue stemming from Maryland casinos isn’t being earmarked whilst the voter-approved 2008 referendum that is constitutional.
The ’08 amendment posed to residents explained a vote of support ‘authorizes the State to issue up to five video lottery licenses for the primary intent behind raising revenue for education of children in public schools, prekindergarten through grade 12, public school construction and improvements, and construction of capital projects at community colleges and higher education institutions.’
But approaching nine years since Marylanders backed gambling, Franchot says the scheme ‘was fundamentally a lie.’
‘It was a crass, cynical effort to dupe people,’ Franchot told Baltimore’s FOX affiliate this week. As comptroller, Franchot is Maryland’s chief economic officer Continue reading “Maryland Casinos Don’t Assist Education as Promised, State Comptroller Says”