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Sunday, January 22, 2017

Maryland casinos are pumping out billions for education. So why are there school budget deficits?

In the seven years since the first of Maryland's six casinos opened, they have pumped $1.7 billion into the state's Education Trust Fund — the financial windfall that advocates for gambling promised would go to the state's public schools.

But over that time, state funding for public schools has increased by less than half that amount — and some jurisdictions, including Baltimore, have suffered funding cuts.

That's because the state officials who approved casino gambling in 2008 — Gov. Martin O'Malley and his Democratic allies in the General Assembly — didn't require that school aid keep pace with the growth in gambling.

Entire article at:
http://www.baltimoresun.com/news/maryland/bs-md-casino-education-20170121-story.html

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