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Small Towns Stand to Benefit from Body License

By George Oates, Mar 23rd 2006
In Limerick, Pennsylvania according to the Mercury News: "The big question is if Boyd Gaming should be granted a state permit for a slots parlor off the Sanatoga exit of Route 422, the township could wind from such an license more than twice the amount of money that was originally promised."

"The laws of Pennsylvania lets host municipalities have to a piece of a casino's revenues. And that little piece equals to half of the host municipality's 2003-04 general fund budget. However, the state House approved a statement last week that would up the ante for small municipalities where a casino is proposed."

"If the Bill 862 would be modified, this would remove the cap that limits gaming revenue to 50 percent of smaller municipalities' general fund budget. And under this change, the municipalities would receive 2 percent of the casino's gross income or $10 million, whichever number is bigger. But the 148-page bill must now be sent back to the Senate for reconsideration."

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