![]() ![]() Montgomery County also received $943,522 in 2012 and $1,594,610 in 2013 from the Valley Forge Casino, matching the 2 percent of gross revenue mandated by Pennsylvania gambling legislation. I can’t give you a specific expense that it was dedicated to because it all goes into that one pot.’ ![]() ‘That revenue source is what we use to offset our $30 million operating budget. We get revenue from a lot of sources that go into the general fund including parking fines, building permits and real estate tax revenue,’ Township Manager David Kraynik said. ‘It is not specifically earmarked for any specific township projects or programs. In 2013, the township’s casino revenue went up to $1,594,610. The casino revenue started halfway through that four-year period of tax rate stability.ĭuring the first calendar year of operation, when it generated little revenue in the first fiscal quarter of 2012, the casino contributed $943,522 to Upper Merion. The casino revenue distributed through the Pennsylvania Gaming Control Board in 20 goes directly into Upper Merion Township’s general fund but has not changed the township’s property tax rate, which remained at 2.159 mills over the past four years. UPPER MERION – Since it opened in March 2012, the financial impact of the Valley Forge Casino Resort (VFCR) on Upper Merion Township has had both intangible and tangible effects. ![]()
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