Mutuel Take at Saratoga Will be Upped 5 Pct., Too, Daily Racing Form, 1946-06-13

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Mutuel Take at Saratoga Will BeUpped5Pct.,Too SARATOGA SPRINGS, N. Y., June 12.— As at the Long Island tracks, racegoers here this season will pay an extra 5 per cent pari-mutuel tax. By the overwhelming vote of 20 to 1, the Republican-controlled Board of Supervisors late yesterday adopted a resolution favoring the imposition of the local levy under the provisions of a special "emergency" revenue law enacted by the legislature two months ago. The extra assessment goes to Saratoga County. It is expected that the tax will pour between 50,000 and ,000,000 into the countys coffers, enabling it to write off its entire tax bill for the next three years, as its annual budget runs between 00,000 and 00,000. It also could pay off, in one season alone, its bonded indebtedness of 61,000. The board of supervisors directed its law and finance committee to recommend how the windfall should be spent. The bill which increased the pari-mutuel "take" at New York tracks from the 10 per cent which the state and racing associations split between them to 15 per cent was passed at the behest of Mayor William ODwyer of New York City. It was so phrased that the extra levy could be imposed upon tracks outside the Metropolitan district and either the city or county collect it.


Persistent Link: https://drf.uky.edu/catalog/1940s/drf1946061301/drf1946061301_29_3
Local Identifier: drf1946061301_29_3
Library of Congress Record: https://lccn.loc.gov/unk82075800