Friday, January 15, 2010

How fast are those table games starting up?

Well, that was short lived.   Past the holidays and casino revenues are back to where they were before.   If things were to stay as they are now, or even if they were to double.. they would still be well below expectations.  There are certain guarantees on how much in taxes are generated for both the city and county, but I think there are some real big questions on when those revenues will accrue.  Some other time we can poke at that.  Anyone want to compare the 5 year budget plan and what it anticipates in the form of casino revenue and what it is likely to get in the next few years? Anyway, see below for the latest.

Just a question.  How much of the bump over XMAS and New Years was made up of the vast Pittsburgh diaspora home visiting relatives?  I wonder.

I know.  Table games will save us all, but with the taxes on table games locally pre-encumbered, the potential for more revenue coming to the city or county is minimal.


OpenID pittsburghpolemics said...

Nevermind the wacked idea of a budget dependent upon revenue generated from bad behavior (setting up an incentive for the city to encourage vices), but relying on table games to fill a major gap in our budget is down-right irresponsible. In my opinion, we may just have to accept that we've been in a recession for over a year and we just can't afford all that we're accustomed to. For instance, how bad would it be if we skipped a week of garbage collection every over month?

Friday, January 15, 2010 10:18:00 AM  
Blogger Grimace said...

Leave it to Pennsylvania to figure out a way to screw up a license to print money.

Friday, January 15, 2010 1:36:00 PM  

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