6.28.16 - Moody’s: Casino License Revenue Will Help
"For cash-strapped counties and local governments in New York, the $30.2 million in one-time casino license fees is considered a credit positive by the ratings agency Moody’s."
"But in a report released this week, Moody’s points to the benefit of having this money be used toward longer term growth in revenue than as a one-shot way to balance spending."
"In other words: It may be a one-shot sugar high, but for municipalities in the age of the tax cap, any new revenue injected into its balance sheets will be helpful."