Niagara City in New York will find it hard to fill up the budget deficit. Most importantly, this is the most significant contributor to the budget threatens. Seneca Nation’s Niagara casino is saying that it will not send payments. Seneca Nation says that it will not send payments for at least one year. Also, this means the city will not receive revenue from the facility throughout 2018. According to Seneca Nation officials, they are withdrawing payment to the state. But the area that will suffer most is the city. Check Out the Seneca Nation’s Niagara Casino in this video.
Why Did Seneca Nation’s Niagara Casino Cut Revenue Flow?
Officials of the nation cite ‘contractual dispute’. They say that the tribe is not under any obligation to continue with the payment. The 2002 compact expires in 2016. In the compact, there is a 7-year rollover upon expiration. Above all, this will happen if there is no objection from either party. But, tribal officials now claim that there is no obligation to pay. “The 2002 compact does not mention anything like this. It doesn’t say anything like the payment of revenue beyond 2016,” officials say.
New York State In Unhappy?
Meanwhile, the state is unhappy with the nation’s move. In September last year, the state gives its verdict. Through, an 11-page ruling, the state wrongs the nation. In part, the decision says that it is in contravention of the law and simple reasoning. The state sees the nation to be unreason. It is not logic to withhold from paying revenue while it enjoys business. “The nation’s contention that it can unilaterally end paying the state contribution is wrong. It cannot do so while continuing to enjoy the benefits of the compact. The decision has no basis in the compact, law or logic,” the statement says.
Seneca Nation is in the middle of Niagara Falls City
The Seneca Nation is in the middle of Niagara Falls City. The nation has a population of 50, 000. All these residents have many challenges including economic struggles. The nation is competing against others in the state and its namesake from Canada. Crimes and unemployment rates are high amongst residents. But the nation receives some assistance from the state and the federal government. Seneca Nation pays around $12 million each year to the state. Much of the money that funds the state’s budget comes from the nation. There is no exact amount the nation is supposed to pay each year.
More Articles That May Interest You:
In 2016, The Seneca Nation paid $12.3 million To NY?
Each year has a different amount of revenue. The amount of money the nation pays the state differs because it depends on yearly income. For instance, in 2013, the nation spends $14.2 million on the state. But this is not what the country pays three years later. In 2016, the country pays $12.3 million to the state. State financial auditors say that the state is using $9 million each year.
This is part of the amount that comes from Seneca Nation each. The state uses this amount to fund a huge chunk of business in its budget. But now, the nation vows not to pay any amount of money to the state. Nick Melson, the City Administrator now says the state has to make some adjustments on its budget. He says that now Seneca Nation’s Niagara casino is not willing to pay.
Previous News Article: Video: Bitcoin Will Drop To $1, 000 This Year, Predicts Wall Street CIO
Latest posts by US Slots Casinos (see all)
- The 2018 Super Bowl To Hit Nevada’s Sportsbook New Record - February 4, 2018
- Americans To Place Over $4.76 Billion On Super Bowl, Almost All Of The Bets Are Illegal - February 4, 2018
- Mafia Kingpin Joey Merlino Issues His Trial Betting Odds - February 4, 2018