Maryland Casinos Don’t Help Education as Promised, State Comptroller Says

Maryland Casinos Don’t Help Education as Promised, State Comptroller Says

Maryland casinos were authorized by voters in 2008 on the grounds that the tax that is generated from legalizing commercial gambling could be mainly used to fund training programs. But that promise, in accordance with state Comptroller Peter Franchot (D), isn’t being kept.

Fifty-eight percent of voters supported the ballot referendum in 2008 to amend the state’s constitution and legalize slot machines at five privately owned video gaming venues. a further referendum passed in 2012 to include a sixth facility, and allow table games at the gambling enterprises.

State Comptroller Peter Franchot says tax revenue stemming from Maryland casinos isn’t being earmarked as 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 reason for raising revenue for education of children in public areas schools, prekindergarten through grade 12, public school construction and improvements, and construction of money projects at community universities and higher training institutions.’

But approaching nine years since Marylanders backed gambling, Franchot says the scheme ‘was fundamentally a lie.’

‘It was a crass, cynical work to dupe individuals,’ Franchot told Baltimore’s FOX affiliate this week. As comptroller, Franchot is Maryland’s chief financial officer and in charge of Continue reading “Maryland Casinos Don’t Help Education as Promised, State Comptroller Says”