Realizing the economic gains Montgomery County could reap from the Valley Forge Resort and Casino, I recently reintroduced my legislation, now House Bill 545, that would redistribute the county share assessment of casino revenue to parks and nonprofit organizations across the county.
Like many counties across the Commonwealth, Montgomery County has had to make cuts to its annual budget. My legislation would help ease the burden of county budget cuts to our local parks and important organizations. Now is the time to seek out additional income sources to help offset the budget cuts to some of our county’s most treasured locations.
House Bill 545:
• Would change the state Gaming Act to ensure that the Montgomery County’s local share
assessment for slots and table games would be specifically deposited into dedicated
accounts for the purpose of supporting the maintenance and refurbishment of the parks
and heritage sites throughout the county, as well as Mission Kids and Laurel House.
Mission Kids and Laurel House are both county-funded services which assist local
families in need.
• Under this legislation, parks and heritage sites would receive 75 percent of the designated
casino revenue, while Mission Kids and Laurel House would each receive 12.5 percent of
• The local share assessment was created to assist host counties and municipalities with
the costs of having a casino in their area.
• For slot machine play, the act currently states that 2 percent of gross terminal revenue is
distributed to the host county and 2 percent of the gross terminal revenue is distributed to
the host municipality.
• Each host county and each municipality then have specific uses for the money as
described in the act. As for table game play, the host county receives 1 percent of
revenue and the host municipality also receives 1 percent.
• As current law stipulates, the local share for slots and tables games is deposited into an
account with the Commonwealth Financing Authority.
• This financing authority is to use the money exclusively for grants for projects in the county
that qualify for the Business in Our Sites Program, the Tax Increment Financing
Guarantee Program and the Water Supply and Waste Water Infrastructure Program.
• Of the county’s cut under this legislation, estimated at $1.2 million each year, $900,000
would go to refurbish and maintain the county’s seven parks, five historic sites and 60
miles of hiking trails.
• Mission Kids and Laurel House, two local nonprofits, would each receive a yearly subsidy
of $150,000 from the casino revenue.