Submitting report relative to Gaming Tax Revenue through April 2016. (Through ten months of the fiscal year the casinos have reported growth of 1.25% compared to the same time in the prior year. Through ten months of the fiscal year, MGM’s receipts are up by 2.28%, Motor City’s are up by 1.93% and Greektown’s are down by 1.41% compared with the first ten months of the prior fiscal year. Based on existing data, we are currently projecting a surplus of $5.1 million for the fiscal year for a total of $174.16 million.) (REFERRED TO THE BUDGET, FINANCE AND AUDIT STANDING COMMITTEE ON 6-15-16)

Committee

Budget, Finance and Audit Standing Committee

Introduced

July 28, 2016

On agenda

June 15, 2016