March 20th, 2017 by

The split on gaming cash

Belleville Council will decide today on how its share of casino revenue will be split.

Staff is suggesting most of the money, or 65% be put into an account paying for capital projects.

It’s suggested that another 10%  of revenues be set aside for economic development purposes.

The rest would be divided into accounts covering land acquisition, vehicle replacement, development infrastructure, non-profit social organizations, and disaster contingencies.

Depending on the casino’s success, annual revenues to the city could be as high as 3 or 4 million dollars.