From the Daily Record . . .
Starting in July, counties that have benefited from casino revenue will see a chunk of their money go to the city of Baltimore and Prince George’s County.
According to Maryland law, local jurisdictions get 5.5 percent of the slots revenue from the casino in their area. But beginning in fiscal 2012, 18 percent of that total — off the top, from every casino — will go to Baltimore. The law says Baltimore will get that money until 2027.
“I don’t know if the counties know this is going on,” said J. Michael Hopkins, executive director of the Maryland Racing Commission, which handles the distribution of the casino money to local governments. “But I know, and the 82 percent that’s remaining will be split up among the counties and municipalities.”
Baltimore actually won’t get all 18 percent of the money. From its cut, $1 million annually will go to Prince George’s County for capital projects in the community within the 10 miles surrounding Rosecroft Raceway.
“There she blows. Well, that’s interesting,” said Craig W. Whiteford, budget manager for Cecil County, home to Maryland’s first casino, Hollywood Casino Perryville, which has so far created $1.2 million for the county. Whiteford said the county had already started making plans for its fiscal 2012 budget without taking into account the cut Baltimore will take. The budget department will have to reconsider its budget now, Whiteford said.