Looming casino revenue loss could hit Niagara Falls hard
From WIVB Channel 4 in Buffalo:
“If we spend it now and it’s not there and this thing lasts for quite some time it can cause a lot of problems,” said Andrew Touma, Niagara Falls City Councilman.
Touma is calling for a 90-day moratorium on casino revenue spending following the Seneca Nation’s announcement to discontinue payments to the state.
“We collect about $16 million a year and of that money around $11 or $12 million per year is used in the general budget. Just to cover expenses in the general budget and then we use other monies for capital projects,” said Touma.