Bill > A08050

This bill amends the racing, pari-mutuel wagering and breeding law to protect host counties and host municipalities from experiencing reduced state aid after commercial gaming facilities licensed under Title Two-A begin operations. Specifically, the bill ensures that these local governments will continue to receive at least the same amount of state aid they received in their highest annual aid year since the original gaming facilities (under Title Two) began operating. The legislation guarantees that taxes collected from new gaming facilities will "hold harmless" these host counties and municipalities, preventing any reduction in their state appropriations after the new gaming facilities start generating revenue. This provision takes effect in the first full state fiscal year when a Title Two-A gaming facility commences operations, providing financial stability for local governments that host commercial gaming establishments. The bill aims to maintain local government funding levels and provide economic predictability in regions with new gaming facilities.

Budget and Finance, Business and Industry

https://www.nysenate.gov/legislation/bills/2025/A8050