Gambling Deals Are Downsized (The Los Angeles Times 1/12)
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California
Schwarzenegger backtracks on new compact revenues
Wednesday, January 12, 2005 More from this date
Schwarzenegger backtracks on new compact revenues
Wednesday, January 12, 2005 More from this date
California Gov. Arnold Schwarzenegger (R) released a new budget on Monday that dramatically revises the amount he expects from new gaming compacts he signed with a small group of tribes.
Instead of $300 million, Schwarzenegger expects just $16 million from the tribes this year and $34.3 million next year. An official said the tribes haven't added slot machines as quickly as anticipated.
The tribes with new compacts are still expected to finance a $1 billion bond to help bail the state out of its budget crisis.
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Gambling Deals Are Downsized (The Los Angeles Times 1/12)
Gambling Deals Are Downsized (The Los Angeles Times 1/12)
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