The Pennsylvania Race Horse Development Fund is producing features on people who have benefitted from the millions of fund dollars invested into local economic development, farm expansion, and job creation. Today's feature is on Sandee Martin.
The Pennsylvania racing fund, which pays for regulation of horse racing in the state, has been misused by the state Department of Agriculture and is close to bankruptcy, according to a state audit released June 18.
The Pennsylvania Equine Coalition, noting another monthly loss in revenue from slot machines at racetrack casinos, predicts an overall reduction of $17 million in the Race Horse Development Fund for fiscal year 2012-13.
A percentage of horsemen's revenue from slot machines in Pennsylvania will continue to go to the state's general fund and other programs under the fiscal year 2013-14 unveiled Feb. 7 by Gov. Tom Corbett.
The Pennsylvania Senate May 10 approved a $27.6 billion state budget that restores almost $70 million that would have been cut from the slot machine-supported Race Horse Development Fund.
The Pennsylvania Equine Coalition has blasted a budget proposal by Gov. Tom Corbett to take roughly $72 million in each of the next three years from the Pennsylvania Race Horse Development Fund to pay for other programs.
Most Popular Stories
- Dortmund Drills for Sherman at Los Al
- Jockey Olguin Secures Milestone Win
- Stronach Still Seeking New Heights for Racing
- Bayern's First Foal, a Filly, Arrives in Ontario
- Stonestreet to Sponsor Lexington Stakes, Purse Boosted
- R. A. Hill Stable Buys Into Breaking Lucky
- Uncontested Romp in Smarty Jones
- The Curse of Haskin
- Metaboss to Harris Farms in California
- First Foal by Palace Malice Born