Nov 22
2024
OTB cuts payments to local governments
Pay raises and buyouts for executives are among the costs blamed for the Western Regional Off-Track Betting Corp. reducing its payments to local governments by $2.6 million this year. In 2023, OTB leaders said Thursday, the agency sent $10.25 million to the 15 counties and two cities that own it. This year, that amount decreased to $7.6 million. OTB did not specify how much the reduced payments will cost individual local governments. Erie County will be out an estimated $200,000. Officials did not fully explain the reduction Thursday, but cited personnel, legal and development costs. The drop follows a number[...]