Gaming mitigation funds are slowly drying up in California, The Santa Maria Sun reports.
According to the California Department of Finance
, gaming mitigation funds were $30 million in 2010. The amount dropped to $9.2 million for 2011 and 2012, the paper reported.
The drop is attributed to a series of Class III compacts that were negotiated by former governor Arnold Schwarzenegger (R). Instead of putting money into the Indian Gaming Revenue Sharing Trust Fund
, Schwarzenegger required tribes to put money into the state's general fund.
As a result, the Indian Gaming Revenue Sharing Trust Fund is expected to run out of money in a couple of years.
The situation, however, may change as Gov. Jerry Brown
(D) negotiates new agreements.
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Change of funds
(The Santa Maria Sun 3/27)
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