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Niagara County lawmakers, including Sen. Rob Ortt and Assemblyman Angelo Morinello, are advocating for legislation to secure a guaranteed share of casino revenue for local stakeholders. The previous gaming compact, which expired in 2023, required New York to share 25% of Seneca Casino slot machine profits with host cities Buffalo, Niagara Falls, and Salamanca. Under the expired 99-H law, Niagara Falls allocated specific percentages to a hospital, school district, and tourism agency, but this provision lapsed[1].

The proposed bills aim to:

- **Reinstate 99-H** with adjusted allocations: 5.5% (up to $750,000) annually for Niagara Falls Memorial Medical Center and the school district, and 7.5% (up to $1 million) for tourism initiatives[1].

- **Allocate $1.6 million** from state casino funds to the Niagara County IDA for downtown economic development, including building rehabilitations, employee training, and signage installations[2][3].

Negotiations for a new casino compact remain stagnant, with funds held in escrow. Lawmakers stress the urgency of passing these measures to prevent casino revenue from being absorbed into city general funds, which could limit direct support for critical services[1][4]. They argue stakeholders would prioritize guaranteed percentages over potential losses if a new compact reduces state revenue[1].

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1 минута

26 марта 2025