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No More Slot Machines Wanted

With Florida state lawmakers looking to increase the number of slot machines they need to look at the ones that they have already brought in. They said that the slot machines would bring in millions of dollars that they could use to fund the public schools in the state of Florida. However, those Broward County slot machines are not performing quite as well as the experts said that they would.

The slot machines were predicted to bring in $212 a day per slot machine. Instead, they are getting less than $100 per day per slot machine. With a difference of more than $100 per slot machine per day being lost, all that money that the legislature had been planning on spending is no longer there.

Instead, the legislature now has $45 million to come up with that they had been planning on the slot machines giving them. The programs that they had planned, Bright Futures Scholarships (which cover college tuition for those high school graduates with top grades if they go to a school in Florida) and the promised bonuses to those schools that got good FCAT scores.

Not only that, but they have a drop in tax revenues to account for which equals another $1 billion. Brevard County Pubic Schools are now facing across the board cuts and a hiring freeze on all positions. They are looking at $20 million less in their budget from last year. Between that and the property tax reforms that they were planning and now don’t even look feasible; it seems the slot machine windfall is far from what it was expected to be.

Back to August 2007 Archive.