VICKSBURG — Low activity at Vicksburg’s riverboat casinos during April, May and early June forced city officials to reduce the anticipated revenue for the current fiscal year.
The Vicksburg Post reports the city’s Board of Mayor and Aldermen on Aug. 15 reduced the city’s anticipated $5.5 million in revenue from the state’s 3.2 percent tax on gaming machines by $420,000. It’s $1.13-million share of the 0.8 percent state gaming tax was cut by $68,000.
The budget amendments were two of 26 approved by the board during some financial housecleaning before the close of the fiscal year Sept. 30.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info