Albany, NY
Informing and Connecting Engaged Citizens
Capital District
June 22, 2016
Capital Region receives Payment from Casino Construction

"Months before the first blackjack or poker hand is dealt, casino money is pouring into 22 counties and three municipalities across upstate as they collect their $30.2 million share of licensing fees paid by the still-under-construction facilities." , as reported by Rick Karlin

"The Capital Region is among three spots where local governments this month will be newly flush with their share of the payments. Schenectady city and county each will get $2.5 million, with Albany County receiving $1.7 million. Rensselaer and Saratoga counties will get $900,00 and $1.2 million each, respectively."

"The payouts represent 20 percent of $151 million in fees paid by the three casino developers As set forth in the law that allowed the casinos to be licensed, 10 percent goes to the host municipalities and counties, with another 10 percent going to surrounding counties. Eighty percent goes for school aid."

See link to full article below.
Secondary: Times Union
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