The Morongo Casino. Photo from Twitter
A tribal revenue sharing fund is about to run out of money, the California Legislative Analyst's Office said in a report. Tribes with Class III gaming compacts contribute revenues into three different funds. Two of them -- the Revenue Sharing Trust Fund and the Special Distribution Fund -- have distributed more money than they have taken in, the report said. "In recent years, this shortfall has averaged around $30 million," the report said, referring to the Revenue Sharing Trust Fund, which is used to help tribes with no casinos or small casinos. As for the Special Distribution Fund, it will run out of money by the end of 2015, the report said. The annual shortfall there was also about $30 million. These funds have received less money because some of the larger gaming tribes negotiated new compacts that required them to contribute to the state's General Fund. According to the report, the fund receives $333 million a year. Get the Story:
Source of money to help California tribes, other programs almost empty (The Sacramento Bee 5/20) Get the Report:
Shortfalls in Indian Gaming Funds (May 2014)
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