Maryland casinos were authorized by voters in 2008 on the grounds that the generated income tax income from legalizing commercial gambling will be primarily utilized to fund education programs. But that promise, in accordance with state Comptroller Peter Franchot (D), isn’t being kept.
Fifty-eight percent of voters supported the ballot referendum in 2008 to amend the state’s constitution and legalize slot machines at five privately owned gaming venues. a further referendum passed in 2012 to include a sixth facility, and allow table games at the casinos.
State Comptroller Peter Franchot says tax revenue stemming from Maryland casinos isn’t being earmarked once the voter-approved 2008 constitutional referendum dictated.
The ’08 amendment posed to residents explained a vote of support ‘authorizes their state to issue up to five video lottery licenses for the primary reason for raising revenue for education of children in public areas schools, prekindergarten through grade 12, public school construction and improvements, and construction of money projects at community colleges and higher training institutions.’
But approaching nine years since Marylanders backed gambling, Franchot states the scheme ‘was basically a lie.’
‘It was a crass, cynical effort to dupe individuals,’ Franchot told Baltimore’s FOX affiliate this week. As comptroller, Franchot is Maryland’s chief officer that is financial accountable f