The rate of city coffers is declining in Illinois as they refuse the gaming slot income, there is a hanging resolution to the budget of the city that has not resolved yet. The office of Finance in the city just got a word in the early days of July that the checks they were waiting for the state are delayed and they are not yet sure as to when they will arrive. There was a loss of thousands of dollars in some cities, but there are others that are actually losing a lot. There is a good news about it and that is the suppression is just momentary.
There was a notice last Tuesday that the income will not be received until such time that the budget is fixed accordingly. This was revealed by the finance director of Moline. She added that what is happening is just because of the delay and it will soon be received by the people. Moline along with some other cities with video gaming clubs and bars go into their general funds. However, for Moline, the monthly deposit is just around $11,500. For June, the Illinois and some of the states across it will get around $3M, since the percentage of the share is 5% composed of net gaming revenues, this data came from the records of the state.
Illinois gets around 25% and the remaining amount of the net receipts is separated accordingly between the owners of the shops or companies and sellers of the machine. The business owners will not be affected by the shutdown in revenue. The officials of the Illinois government league say that they are doing all that they could with regards to the legislative relief to get the paychecks of the cities back in their mail respectively. There was a letter circulating to the officers of the city in various parts of the state saying that the executive director of the agency has offered an assurance that is pushing the efforts and that they are happening.
He added that he is working with the officers in the General Assembly in developing a governmental solution that can help in authorizing the funds as a continuous effect, so that they can be distributed even if there is enough budget or even if there is no enough budget at all. Cole has just sent an email stating that he has met the Chief of Staff of the Senate President of a staff previously and they are positive that they will agree to the bill that was drafted to be able to solve the problem for the remaining. Their primary goal is to act right away and to solve the matter with the help of the Senate and the House while the session is ongoing.