Overall, the news was rosy, with personal income tax receipts, by far the state's largest source of revenue, so far exceeding forecast that taxpayers can expect a sizeable "kicker" credit against their future taxes. The new information comes from the state's quarterly revenue forecast released earlier this week. The Confederated Tribes of the Grand Ronde, owners of the Spirit Mountain Casino, which was previously the closest casino to the Portland metro region, announced back in the fall that sales had fallen around 17 percent, relative to the previous year, whereas the forecasted sales would fall by 40 percent." "Our office was not alone in over-estimating the initial impact of the new casino. "Video lottery sales in zip codes along the Oregon-Washington border in the Portland region have fallen around 15 percent, instead of the 40 percentĮxpected," the office of economic analysis wrote this week. could eat into video lottery sales and visits to the Grand Ronde's Spirit Mountain Casino.īut now that the Ilani has been open long enough for an assessment-the casino has operated for a year-state officials say the impact is far less than forecast. () By Nigel Jaquiss at 11:48 am PDTįor the past couple of years, both the Oregon State Office of Economic Analysis and the Grand Ronde Tribe have warned that the new Ilani casino in Ridgefield, Wash.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |