VERNON, N.Y. – New legislation that will help Vernon Downs Casino with operating costs is on its way to Gov. Andrew Cuomo for signature.
The New York State Senate and Assembly passed the bill Wednesday, which extends certain provisions of the tax law for certain gaming facilities. This allows places like Vernon Downs to use money reserved for capital awards, and revenue from the New York State Gaming Commission, toward operating costs.
The bill was co-sponsored by both Sen. Joseph Griffo, R-47, and Assemblywoman Marianne Buttenschon, D-119.
“I am pleased that this bill has passed the Senate and that we can provide additional assistance and support to Vernon Downs, which is critically important to the Mohawk Valley,” said Sen. Griffo. “This legislation will help maintain jobs at the facility, further protect the harness racing and breeding industry in Central New York and preserve the amount of education aid that the facility contributes.”
In 2019, a Buttenschon also sponsored legislation that allows Vernon Downs to support operating expenses with 4% of its revenue set aside for capital awards, and 75% of the funds from the gaming commission.
If signed by the Cuomo, the legislation will go into effect immediately.