Aldermen lower gaming revenue expectations

by Associated Press

Published: August 17,2011

Tags: budget, casinos, gambling, gaming, municipal government, revenue, taxes

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.

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