BERLIN -- A report released this week by the state’s Department of Legislative Services (DLS) revealed the new Casino at Ocean Downs has underperformed thus far and is not expected to live up to revenue projections in the next five years. The DLS this week released its Spending Affordability Briefing, a blueprint of sorts that examines state revenue sources and anticipated expenditures in advance of the next budget cycle during the General Assembly session early next year.
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But of course,the casino was to give political cronies high paying jobs at the taxpayers expense not make a profit!
ReplyDeleteSounds like Annapolis is trying to justify a tax increase.
ReplyDeleteWell no kidding! They had high expectations of Ocean City vacationers spending money at the slots but that ain't happening and it should not come as any surprise.
ReplyDeleteCasinos, like outlet shopping centers and Walmart are a dime a dozen. Almost everyone lives within a hour of one, so it's not a novelty to most.