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Casino Tax

Friday, January 11, 2013

Mentor Public Schools Receiving Money From Casino Taxes But Effect May Be Negligible

Mentor Schools is set to receive $166,816.15 in casino tax payments this January

Mentor Public Schools will soon receive $166,816.15 in taxes from the state’s new casinos. However, this money may not impact the district's bottom line. Mentor Schools CFO Daniel Wilson is concerned that -- despite any casino money -- the district will still be dealing with shrinking revenue overall. "We did not budget this as core revenue for this year," Wilson explained. He said the casino tax money has been earmarked for improvements to instructional technologoy. However, that use may change depending on what the governor's proposed 2-year budget looks like. Wilson said he would not be surprised if the district saw the same thing happen to the casino tax money that occurred to the lottery funds. That is, to say, the increase from the …

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