Maryland gambling enterprises were authorized by voters in 2008 on the grounds that the generated tax revenue from legalizing commercial gambling would be primarily used to fund education programs. But that promise, based on 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 independently owned video gaming venues. a referendum that is further in 2012 to incorporate a sixth facility, and invite table games at the gambling enterprises.
State Comptroller Peter Franchot says taxation revenue stemming from Maryland casinos isn’t being earmarked since 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 clip 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 universities and higher education institutions.’
But approaching nine years since Marylanders backed gambling, Franchot says the scheme ‘was basically a lie.’
‘It was a crass, cynical effort to dupe people,’ Franchot told Baltimore’s FOX affiliate this week. As comptroller, Franchot is Maryland’s chief monetary Continue reading “Maryland Casinos Don’t Help Education as Promised, State Comptroller Says”