Maryland gambling enterprises were authorized by voters in 2008 on the grounds that the generated taxation income from legalizing commercial gambling is mainly utilized to fund education programs. But that promise, according to state Comptroller Peter Franchot (D), isn’t being kept.
Fifty-eight percent of voters supported the ballot referendum in 2008 to amend hawaii’s constitution and legalize slot machines at five privately owned gaming venues. a referendum that is further in 2012 to include a sixth facility, and permit table games at the casinos.
State Comptroller Peter Franchot says income tax revenue stemming from Maryland casinos isn’t being earmarked once the voter-approved 2008 constitutional referendum dictated.
The ’08 amendment posed to residents explained a vote of support ‘authorizes the State to issue up to five movie lottery licenses for the primary purpose of 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 universities and higher training institutions.’
But approaching nine years since Marylanders backed gambling, Franchot states 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 responsible Continue reading “Maryland Casinos Don’t Assist Education as Promised, State Comptroller Says”