Map of Pennsylvania highlighting Luzerne County (Photo credit: Wikipedia)
WILKES-BARRE — The state has a new economic development tool with the city’s name on it.
In truth, the City Revitalization and Improvement Zone program applies to seven other third-class cities and Delaware County, the applicant for the city of Chester. The program is included in a tax-reform package signed into law last July by Gov. Tom Corbett.
The program allows the eligible cities to use tax money generated in designated zones to pay down the debt taken on for job creation and economic-development projects.
Drew McLaughlin, Wilkes-Barre’s municipal affairs manager, said the city has been researching the CRIZ program for a while.
According to research compiled by the Morning Call in Allentown; Pennsylvania wins first prize in the amount of revenue collected from gambling taxes.
Okay, that’s Jim Dandy….what did we do with the $1.1 BILLION dollars collected from our 9 casinos in 2009? Did we make origami?
This money was supposed to help with property tax relief and a host of other things. Instead, we pretend we have $850,000,000.00 from the federal government in our 2010/2011 budget and our state unemployment compensation fund is bankrupt.
What the hell? Am I missing something here? That’s a HUGE chunk of money. What did we spend it on? Root beer floats and pork projects?