$8M Bailout for DE Casinos Proposed

Jun 18, 2013 -- 5:05am

Delaware’s struggling casinos would get a $8 million temporary financial bailout under a proposal made to the Legislature’s Capital Budget Committee Monday by Markell administration officials.

The proposal is just part of a recommendation for spending an estimated $50 million in newly available funds, including an estimated $21 million in additional tax revenue for the fiscal year starting July 1 and an estimated $22 million in premiums from a recent bond sale.

The Delaware Economic and Financial Advisory Council met for a final time on Monday afternoon.

Lawmakers have two weeks to pass a new budget before the General Assembly Session ends on June 30.

Return to: WGMD Local News Blog

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