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Gambling revenue falls short

May 13, 2007|By JENNIFER FITCH

HARRISBURG, Pa. - With only $115 million of gambling revenue in coffers, property tax relief promised for 2007 remains in jeopardy.

State law required that nearly $600 million of revenue be generated by new slots parlors before the money be distributed to Pennsylvania's property owners.

Budget Secretary Michael J. Masch confirmed in an April 13 press release that the fund fell short of the necessary amount.

Democratic Gov. Ed Rendell has been championing a proposal to increase the sales tax from 6 percent to 7 percent, generating revenue to provide tax cuts this year.

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Rendell's proposed $27.3 billion budget for 2007-08 is before the Pennsylvania General Assembly.

Senior citizens still have $199 million earmarked for their 2007 property tax and rent rebate program.

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