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

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

Maryland gambling enterprises 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, based on 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 video gaming venues. a referendum that is further in 2012 to incorporate a sixth facility, and invite table games at the casinos.

State Comptroller Peter Franchot says income tax revenue stemming from Maryland casinos isn’t being earmarked as 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 video lottery licenses for the primary purpose of 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 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 work to dupe individuals,’ Franchot told Baltimore’s FOX affiliate this week. As comptroller, Franchot is Maryland’s chief financial officer and responsible for Read More