Cuomo Announced $30 Million In Payments To Upstate NY For New Commercial Casinos

New commercial casino licenses issued by New York state resulted in more than $30 million being paid to a variety of counties and municipalities in upstate. Where did the new money come from? The payments were recently announced by the office of Gov. Andrew Cuomo, as a result of three new casinos under construction in the state, including:
Montreign, located near Monticello in the Catskills Mountains.
Rivers Casino near Schenectady.
Lago Resort & Casino in the town of Tyre in the Finger Lakes region. All three casinos have plans to open next year. There are already nine racinos and five tribal casinos in the state, but late last year the state approved licenses for three commercial casinos that are not connected to race tracks or Native American tribes. Where does the money go? The money earmarked for upstate jurisdictions is $30.2 million, which is being paid to 22 counties and three municipalities. Cuomo said this in a press release: The total of the fees paid equals more than $150 million, with 80 percent “applied statewide for school aid/property tax relief.” New York State Association of Counties Executive Director Stephen Acquario had this to say after the payments were announced: The full list of jurisdictions receiving payments can be seen here.

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