Business and Economics

CVA Board Concerned About Casinos Seeking Tax Cuts

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December 22, 2014 — The South Shore Convention and Visitors Authority board approved a 4.6 million dollar budget for 2015 — of which about 1.4 million comes from regional casino admission taxes.

That amount is about 11-percent less than the CVA got in 2014.

Executive director Speros Batitatos told his board members on Thursday that they’ll have to closely watch how state lawmakers react next session about requests from casino operators to lower the amount of admission taxes that they charge.  They face still competition from out-of-state casinos.

Batistatos says they’ll need to balance their support for casinos and one of the tourism bureau’s main revenue sources.  He also says they’ll seek alternative revenue sources.

 

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