Budget

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Michigan Budget Crisis Could Halt Horse Racing

Michigan's horseracing industry, already reeling from decreases in revenue and the possible closure of Great Lakes Downs after this season, is facing an Oct. 1 shutdown should the state legislature fail to approve a budget.

Jersey Standoff Threatens Major Racing Day

New Jersey racetracks were closed for live racing and simulcasting Thursday due to a continuing budget standoff in the state capital of Trenton. It was the first live card lost at Monmouth Park and the third at Meadowlands, which offers nighttime harness racing.

Kentucky Budget Includes $15M for Horse Industry

More than $15 million for horse industry-related projects and financial relief is included in the 2006-07 budget approved April 11 by the Kentucky General Assembly. The spending plan now goes to Republican Gov. Ernie Fletcher for consideration.

NTRA Revenues: From Red to Black in 2000

The National Thoroughbred Racing Association in 2000 had $4.81 million in operating revenue over operating expenses, compared with a $1.82 million deficit in operating revenue in 1999. That's a swing of $6.6 million to the positive side of the fiscal ledger.

Breeders' Cup Money Continues to Bolster NTRA

The National Thoroughbred Racing Association is expected to operate in the black for the first time this year, but it continues to rely on the Breeders' Cup for financial assistance. Earlier this year, the Breeders' Cup board approved a $2.5-million expenditure to assist the NTRA.

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