Maryland casinos were authorized by voters in 2008 on the grounds that the tax that is generated from legalizing commercial gambling would be mainly utilized to fund education 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 their state’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 allow table games at the casinos.
State Comptroller Peter Franchot says taxation 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 hawaii to issue up to five video lottery licenses for the primary intent behind raising revenue for education of children in public places schools, prekindergarten through grade 12, public school construction and improvements, and construction of capital projects at community colleges and higher education institutions.’
But approaching nine years since Marylanders backed gambling, Franchot states the scheme ‘was basically a lie.’
‘It was a crass, cynical effort to dupe individuals,’ Franchot told Baltimore’s FOX affiliate this week. As comptroller, Franchot is Maryland’s chief economic officer and in charge of gath (more…)