Maryland Casino Education
2021年1月20日Register here: http://gg.gg/nx4nh
*Maryland Casino Money For Education
*Maryland Casino Revenue Education
Last year, during the consideration of the “Casino Lock Box for Education” referendum, a skeptical Baltimore Sun editorial explained how easily the “Lock Box” could be breached, commenting: “We hate to break it to you, Maryland, but you’re being taken for a ride again.” Truer words are rarely spoken by the Sun. Less than a year after Maryland voters overwhelmingly passed “ Question 1: The Gambling Revenue Dedicated to Education Lockbox Amendment,” Baltimore politicians are proposing to divert money from it to pay for the reconstruction of the Pimlico Racetrack. In July, Maryland’s take was $57.9 million, including $43.5 million for the Education Trust Fund, down 6.1% from a year ago. Maryland Lottery and Gaming posts monthly and year-to-date casino. During this current health crisis, the Maryland Center of Excellence on Problem Gambling (the Center) remains open and committed to providing real-time support, help and hope to all Maryland residents. Contact the Maryland Problem Gambling Helpline 1-800-GAMBLER to be connected with Peer Support, Treatment Providers and other resources.
Less than a year after Maryland voters overwhelmingly passed “Question 1: The Gambling Revenue Dedicated to Education Lockbox Amendment,” Baltimore politicians are proposing to divert money from it to pay for the reconstruction of the Pimlico Racetrack.
The plan is part of an agreement to give still more public money to the owners of Pimlico for facilities renovation. The arrangement is intended to keep the Preakness Stakes at the northwest Baltimore track. Yet, from 2010 through 2018, Maryland’s horse racing industry, including breeders and the harness racing tracks, have already received $415 million in state financial support. Of that about $66 million has gone to racetrack facilities.
According to the Baltimore Sun: “Crucial to the plan is convincing lawmakers to extend the life of a subsidy for the tracks called the “Racetrack Facilities Renewal Account.” The state’s casinos each pay a certain percentage of their slot machine profits into the fund, which is used for upgrades at the tracks.
Trending: Red Maryland Candidate Survey: Dalbin Osorio for Montgomery County Board of Education
“Backers of this new Pimlico and Laurel proposal want to use that money to help pay off $348 million worth of bonds, to be issued by the stadium authority, that would finance most of the $375.5 million redevelopment. But casinos are only required to pay the money for 16 years after they open. So, the racetrack renewal money will start running out in 2026 and be gone after 2032. For the plan to work, lawmakers would have to change state law to extend the payments from casinos to cover the 30-year payback of the bonds.”[i]
Buried in this description is the bottom line. Extending the length of time payments are made to pay for racetrack facilities comes with a cost to education. Payments that would have begun flowing to education as soon as 2026 will instead be earmarked to continue subsidizing racing through at least 2050.Maryland Casino Money For Education
A Baltimore Sun editorial let its boosterism get the better of it by brazenly misrepresenting the proposed deal. The paper ignored that money will come at the expense of the “lockbox” for education.[ii] At a minimum, this means that a further $119 million will now be diverted from Maryland education to support horse racing.
Do not let their attempted sleight of hand surprise or fool you. They already warned us.
Last year, during the consideration of the “Casino Lock Box for Education” referendum, a skeptical Baltimore Sun editorial explained how easily the “Lock Box” could be breached, commenting: “We hate to break it to you, Maryland, but you’re being taken for a ride again.”[iii]
Truer words are rarely spoken by the Sun.
In 2011, casinos contributed $50 million to the Education Trust Fund; in 2013, $284 million; in 2015, $350 million. Projections for last year are $500 million — in total, $2 billion since 2011.
If you’ve been wondering about the influx of casino cash lawmakers promised when casino gambling passed in Maryland, you’re not alone.
Talk about school funding with nearly anyone who follows public education and they’ll say, “But what about the casino money?” Sold as a silver bullet for resource-strapped schools, the money has instead merely supplanted the general funds that would normally go to meet the state’s required contributions to public education.Maryland Casino Revenue Education
Since the opening of the first casino in Maryland in 2010, $1.7 billion has gone into the Education Trust Fund. But the state’s education funding has remained stagnant — adhering strictly to the state’s school funding formula — so instead of improving public education with big gambling dollars, lawmakers have come to depend on those dollars to help finance the state’s general fund.
Skeptics — legislators, educators, and the public — say, “I told you so,” noting that there was no requirement that education spending increase with casino revenues. But two state legislators, Del. Maggie McIntosh (D–Baltimore City) and Sen. Joan Carter Conway (D–Baltimore City) are out to correct the course during the General Assembly session with a constitutional amendment that would, according to the Baltimore Sun, “put the state’s share of revenue from its casino gambling industry in a ‘lockbox’ for public schools.”
McIntosh told the Sun that the amendment would ensure that gambling money would not supplant the education funding formula but enhance it. On the first day of Maryland’s 2018 General Assembly session, Senate President Mike Miller and House Speaker Mike Busch pledged to sponsor the legislation, dramatically raising its chances of success.
“The lockbox proposal could serve as the down-payment we need to address the chronic underfunding of our schools,” said Sean Johnson, MSEA’s chief lobbyist. “Our schools face a shortfall of nearly $3 billion in state aid. This rededicated money would be a major new investment in our schools.”
See MSEA’s timeline for more about closing the $2.9 billion gap in education funding.
Register here: http://gg.gg/nx4nh
https://diarynote-jp.indered.space
*Maryland Casino Money For Education
*Maryland Casino Revenue Education
Last year, during the consideration of the “Casino Lock Box for Education” referendum, a skeptical Baltimore Sun editorial explained how easily the “Lock Box” could be breached, commenting: “We hate to break it to you, Maryland, but you’re being taken for a ride again.” Truer words are rarely spoken by the Sun. Less than a year after Maryland voters overwhelmingly passed “ Question 1: The Gambling Revenue Dedicated to Education Lockbox Amendment,” Baltimore politicians are proposing to divert money from it to pay for the reconstruction of the Pimlico Racetrack. In July, Maryland’s take was $57.9 million, including $43.5 million for the Education Trust Fund, down 6.1% from a year ago. Maryland Lottery and Gaming posts monthly and year-to-date casino. During this current health crisis, the Maryland Center of Excellence on Problem Gambling (the Center) remains open and committed to providing real-time support, help and hope to all Maryland residents. Contact the Maryland Problem Gambling Helpline 1-800-GAMBLER to be connected with Peer Support, Treatment Providers and other resources.
Less than a year after Maryland voters overwhelmingly passed “Question 1: The Gambling Revenue Dedicated to Education Lockbox Amendment,” Baltimore politicians are proposing to divert money from it to pay for the reconstruction of the Pimlico Racetrack.
The plan is part of an agreement to give still more public money to the owners of Pimlico for facilities renovation. The arrangement is intended to keep the Preakness Stakes at the northwest Baltimore track. Yet, from 2010 through 2018, Maryland’s horse racing industry, including breeders and the harness racing tracks, have already received $415 million in state financial support. Of that about $66 million has gone to racetrack facilities.
According to the Baltimore Sun: “Crucial to the plan is convincing lawmakers to extend the life of a subsidy for the tracks called the “Racetrack Facilities Renewal Account.” The state’s casinos each pay a certain percentage of their slot machine profits into the fund, which is used for upgrades at the tracks.
Trending: Red Maryland Candidate Survey: Dalbin Osorio for Montgomery County Board of Education
“Backers of this new Pimlico and Laurel proposal want to use that money to help pay off $348 million worth of bonds, to be issued by the stadium authority, that would finance most of the $375.5 million redevelopment. But casinos are only required to pay the money for 16 years after they open. So, the racetrack renewal money will start running out in 2026 and be gone after 2032. For the plan to work, lawmakers would have to change state law to extend the payments from casinos to cover the 30-year payback of the bonds.”[i]
Buried in this description is the bottom line. Extending the length of time payments are made to pay for racetrack facilities comes with a cost to education. Payments that would have begun flowing to education as soon as 2026 will instead be earmarked to continue subsidizing racing through at least 2050.Maryland Casino Money For Education
A Baltimore Sun editorial let its boosterism get the better of it by brazenly misrepresenting the proposed deal. The paper ignored that money will come at the expense of the “lockbox” for education.[ii] At a minimum, this means that a further $119 million will now be diverted from Maryland education to support horse racing.
Do not let their attempted sleight of hand surprise or fool you. They already warned us.
Last year, during the consideration of the “Casino Lock Box for Education” referendum, a skeptical Baltimore Sun editorial explained how easily the “Lock Box” could be breached, commenting: “We hate to break it to you, Maryland, but you’re being taken for a ride again.”[iii]
Truer words are rarely spoken by the Sun.
In 2011, casinos contributed $50 million to the Education Trust Fund; in 2013, $284 million; in 2015, $350 million. Projections for last year are $500 million — in total, $2 billion since 2011.
If you’ve been wondering about the influx of casino cash lawmakers promised when casino gambling passed in Maryland, you’re not alone.
Talk about school funding with nearly anyone who follows public education and they’ll say, “But what about the casino money?” Sold as a silver bullet for resource-strapped schools, the money has instead merely supplanted the general funds that would normally go to meet the state’s required contributions to public education.Maryland Casino Revenue Education
Since the opening of the first casino in Maryland in 2010, $1.7 billion has gone into the Education Trust Fund. But the state’s education funding has remained stagnant — adhering strictly to the state’s school funding formula — so instead of improving public education with big gambling dollars, lawmakers have come to depend on those dollars to help finance the state’s general fund.
Skeptics — legislators, educators, and the public — say, “I told you so,” noting that there was no requirement that education spending increase with casino revenues. But two state legislators, Del. Maggie McIntosh (D–Baltimore City) and Sen. Joan Carter Conway (D–Baltimore City) are out to correct the course during the General Assembly session with a constitutional amendment that would, according to the Baltimore Sun, “put the state’s share of revenue from its casino gambling industry in a ‘lockbox’ for public schools.”
McIntosh told the Sun that the amendment would ensure that gambling money would not supplant the education funding formula but enhance it. On the first day of Maryland’s 2018 General Assembly session, Senate President Mike Miller and House Speaker Mike Busch pledged to sponsor the legislation, dramatically raising its chances of success.
“The lockbox proposal could serve as the down-payment we need to address the chronic underfunding of our schools,” said Sean Johnson, MSEA’s chief lobbyist. “Our schools face a shortfall of nearly $3 billion in state aid. This rededicated money would be a major new investment in our schools.”
See MSEA’s timeline for more about closing the $2.9 billion gap in education funding.
Register here: http://gg.gg/nx4nh
https://diarynote-jp.indered.space
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