City To Receive Installments of Gaming Money This Week
We wrote about the Supreme Court’s decision to strike down the host fee in the gaming law and how several municipalities and counties had reached agreement with the casinos located in their borders for voluntary payments (the City of Pittsburgh is one of them). We also have written about the legal requirement that the host fee for the City of Pittsburgh is intercepted by the oversight board and restricted for specific purposes.
This week Pittsburgh City Council expects to take action to receive host fee money from the second and third quarters of 2016 and deposit the funds into account for capital needs. The total amount is close to $2.8 million for the two quarters. Legislation in 2016 places new requirements on the oversight board as it pertains to the host fee money for the City. The 2016 audit that we wrote about last week notes that in the fiscal year ending June 30, 2016 the oversight board allocated $9.5 million in host fee money to the City.