Sun, Nov 22 2009
| Breaking News: Colts go to 10-0 November 22, 2009 04:35 pm |
|
Slots bring budget relief across Madison County Nearly $3 million distributed last year By Barrett Newkirk, Herald Bulletin Staff Writer“The property tax screwup has impacted how much money we receive and when,” said Erin Atwood, clerk-treasurer for the town of Edgewood. “The (gaming) money we’ve gotten has helped keep us out of the red.”
The city of Anderson initially expected to receive its maximum draw from the racino, $300,000 every month, Controller Karen Carpenter said. But actually, money received was closer to $200,000 every month. And with an expected loss of $2.5 million in 2009 due to changes in property tax laws, any future money from slots will be put into the general fund, Carpenter said. Madison County government received close to $1 million from Hoosier Park last year, close to the same amount it’s expected to lose in 2009 because of property tax caps, said Bill Savage, a member of the County Council. Similarly, Alexandria is putting its racino winnings straight into the general fund, Clerk-Treasurer Jan Lynch said. “With all the money woes that city government has had, it’s been a bonus,” she said. ---------- Local winnings From July to December 2008 governments in Madison County received close to $3 million of Hoosier Park’s slot machine revenue. The money was distributed as follows: Anderson $1,288,096 Madison County $902,817 Elwood $209,891 Alexandria $134,848 Pendleton $83,381 Chesterfield $63,830 
Click here to load this Caspio Bridge DataPage.
Click here to load this Caspio Bridge DataPage.
More from the Local News section
City Hiring: Family names recur in city government City Hiring: Anderson has no law against nepotism City Hiring: Firefighting a family tradition |
Print this story
Post to del.icio.us
 |
 |
|
Sign up for Herald Bulletin Email & Text Alerts |
|
|
|
© 2009, The Herald Bulletin
1133 Jackson St.; Anderson, IN 46016 (765) 622-1212; Email news tips and feedback 
|
Popular Business directory links - Anderson Apartments | Anderson Attorneys | Anderson Auto Dealers | Anderson Auto Parts | Anderson Auto Repair | Anderson Beauty Salons | Anderson Car Rental | Anderson Dentists | Anderson Doctors | Anderson Flowers | Anderson Hotels | Anderson Insurance | Anderson Loans | Anderson Mortgages | Anderson Movers | Anderson Pizza | Anderson Realtors | Anderson Restaurants | Anderson Storage | Anderson Tax Preparation | Anderson Travel | Anderson Featured | More...
|
|
Community Newspaper Holdings, Inc. • CNHI Classified Advertising Network • CNHI News Service |
