You have reached your limit of free articles this month.

Enjoy unlimited access to SpringfieldNewsSun.com

Starting at just 99¢ for 8 weeks.

GREAT REASONS TO SUBSCRIBE TODAY!

  • IN-DEPTH REPORTING
  • INTERACTIVE STORYTELLING
  • NEW TOPICS & COVERAGE
  • ePAPER
X

You have read of premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and interactive features. Starting at just 99c for 8 weeks.

X

Welcome to SpringfieldNewsSun.com

Your source for Clark and Champaign counties’ hometown news. All readers have free access to a limited number of stories every month.

If you are a News-Sun subscriber, please take a moment to login for unlimited access.

breaking news

Victim, suspect in West Liberty school shooting are both students

County casino revenue expected to exceed projections


Casino revenue for Clark County has topped more than $1.2 million this year and is expected to surpass estimates for 2014.

Clark County Administrator Nathan Kennedy estimated the county would receive about $1.5 million this year, but the county has received about $400,000 each quarter and is on pace to get at least $1.6 million.

“We understand that even if it goes over, we know there are other revenue that don’t hit their mark, so it becomes a wash,” Kennedy said.

Clark and Champaign counties both saw an increase in casino revenue this quarter.

According to county-by-county quarterly casino revenue distribution figures released this week, Clark County will receive more than $409,000 this month. That’s up nearly 3 percent since April, when the county received more than $397,000.

Champaign County will get about $118,000, up from about $115,000 in April.

Both counties got their first 2014 payments in January, for the October through December 2013 quarter.

Ohio’s four casinos generated $273.4 million in tax revenue in the fiscal year that ended in June, falling more than $36 million short of state projections.

The state’s executive budget for FY 2014 estimated that casinos would bring in more than $309 million in tax revenue. However, the Department of Taxation reported Thursday that the gambling revenue for the state fell short of that target by 11.7 percent. That revenue is intended mostly for local governments and schools.

Matt Schuler, executive director of the Ohio Casino Control Commission, defended the projection, saying that the estimates were made in September 2012 when only two casinos and one racino were operating in the state.

“When the state needed to put numbers in for the last budget they were dramatically more conservative than any prior estimates,” Schuler said. “That they were off by 10 percent, given all the uncertainty and lack of data, is pretty good.”

Current projections for FY 2015, which began last week, are more ambitious, estimating $331 million in casino tax revenue.

Ninety percent of that tax money goes to counties, cities and school districts. Leaders of those entities welcome the funds but say the money is unreliable.

Officials from Clark and Champaign counties say the funds have helped fund building improvements and offset expenses, but do not replace local government and other state cuts or losses in interest on investments.

They also said the casino dollars are far short of original estimates provided by the state, which indicated that Clark County, for example, would get about $4 million annually.

“We have never used the state’s predictions in any of our planning,” Kennedy said.

Casino money accounts for about 4 percent of the county’s $40 million general fund and less than 1 percent of the total budget of about $156 million.

Champaign County has an overall budget of $40 million and a general fund budget of about $10 million. The county has received nearly $354,000 since January.

“The money is always nice to get, but it’s not very dependable,” Champaign County Commissioner Bob Corbett said.

Corbett said he doesn’t know if the current distribution levels will hold as casinos face competition from a growing number of racinos.

He said officials have been cautious about budgeting casino money.

“The commission never thought we would get near what was projected. Plus the state has cut funds. If we really balanced it out, we haven’t received a whole lot,” Corbett said.



Reader Comments ...


Next Up in News

7 lessons learned from another local school shooting
7 lessons learned from another local school shooting

The shock of a school shooting Friday in Champaign County brought questions as the West Liberty-Salem community also wrestled with its emotions and fears. After a 2016 school shooting in Butler County’s rural Madison Twp., several lesson were learned. 1. Evaluate safety measures Madison Local School District implemented new safety measures in...
Shootings at K-12 schools in Ohio in the past 50 years
Shootings at K-12 schools in Ohio in the past 50 years

Jan. 20, 2017, West Liberty: One student is shot at West Liberty-Salem High School in Champaign County. The student’s condition is unknown, and the shooter reportedly in custody. Oct. 13, 2016, Columbus: Two 16-year-olds are arrested and accused of shooting two Linden-McKinley STEM Academy students from a moving car as students left...
Alec Baldwin, Cher, Robert De Niro among celebrities at anti-Trump rally
Alec Baldwin, Cher, Robert De Niro among celebrities at anti-Trump rally

On the eve of Donald Trump being sworn in as the United States' 45th president, a massive rally was staged in the streets of New York near Trump International Hotel and headlined by a man who has played Trump on TV: Alec Baldwin. Attended by the likes of Robert De Niro, Michael Moore, Cynthia Nixon, Mark Ruffalo, Julianne Moore, Cher, the Rev. Al Sharpton...
Centerville attorney pleads guilty to Ponzi scheme role
Centerville attorney pleads guilty to Ponzi scheme role

Local attorney Steven Scudder pleaded guilty this morning to his role in the $70 million Ponzi scheme orchestrated by William and Connie Apostelos, who themselves are due in federal court today for a hearing and potential pleas. Scudder, 62, of Centerville, pleaded guilty in U.S. District Court to wire fraud, admitting that he used his position as...
Donald Trump inauguration: Protesters take to streets outside 'DeploraBall'
Donald Trump inauguration: Protesters take to streets outside 'DeploraBall'

Anti-Donald Trump protesters who aim to create "a major political crisis" at Trump's presidential inauguration kicked off their efforts Thursday night by filling a street outside a building where Trump supporters were attending a "DeploraBall." >> Complete coverage of Donald Trump's inauguration ...
More Stories