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Monday, June 9, 2014

Pennsylvania's Addiction to Gambling Revenues as Failed Fiscal Policy



Massachusetts ‘Gaming’ Future
Just a few years after Pennsylvania gambling enabler legislators legalized slots to fill state tax coffers they legalized table games. Now they’re working on getting internet gambling legalized. I wonder how long it will take if they legalized marijuana to fill state tax coffers for them to legalize crack cocaine and heroin.
Philadelphia Inquirer – June 2 2014 - Pa. lawmakers will take up the future of gambling
Hand-wringing over the future of Pennsylvania's casino-gambling industry - which shrank in revenue last year for the first time since it began in 2006 - will resume Tuesday in Harrisburg at a state Senate hearing.
The hearing, organized by the Committee on Community, Economic, and Recreational Development, is expected to expand on a May 7 session, during which a report on the industry by Econsult Solutions was released.
Returning from a break, legislators are plunging into a difficult budget season, facing a budget gap that could soar as high as $1.2 billion in the fiscal year that starts July 1.

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