The money coming from gambling venues has once again reawakened the question of whether it is acceptable to use them for educational purposes or not. School districts are facing a tough dilemma and a committee comprising 25 members from various backgrounds and financial statuses was assigned to study Act 72 and come to terms with this issue. Passed in July, this state law expounds on the steps which must be undertaken by school districts in order to enjoy from some of the prospective slot machine proceeds. In addition, a special consulting firm was hired to analyze this law.
To be eligible to receive money from slots, the earned income tax levies must be increased by 0.1 percent. The revenues, yielded from gambling activities are to be used to lower school district tax rated via the state.
Districts have to seriously weigh their decision of accepting or declining the gambling revenues, since according to the law no second chance will be given. One of the key factors that may pull the decision to either side is the demographical issues and income figures. Communities inhabiting many families in which both parents work are going to be more devastated, once the EIT is raised. By May 30, a final decision must be made, though it seems that lots of information is still missing.
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| Source: gamblingsmart news writer
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Monday, 31 January 2005 |
Saturday, February 4 2012 
