The city Mayor announced that they signed a deal with the casino that ensures at least US$10 million in gambling tax revenue.
US.- Pittsburgh Mayor Bill Peduto confirmed that they signed a deal with the casino that will give at least US$10 million to city accounts through the end of the year and 2017. By presenting his budgets, the Mayor guaranteed Pittsburgh its annual share of gambling tax revenue.
Rivers Casino general manager, Craig Clark, said: “To reinforce Rivers Casino’s strong commitment to our hometown, we have worked collaboratively with city officials to ensure that $10 million in annual local share payments from Rivers Casino to Pittsburgh will continue uninterrupted through 2017.”
Peduto said that this plan helps Pittsburgh to stay on the right track towards a financial stability, and he promised that he will try to lead the city out of state fiscal oversight in the next three years. The Pennsylvania Supreme Court stated back in September the annual tax that casinos pay to the communities that host the facilities and settled that Pittsburgh would receive US$10 million annually from Rivers Casino.