Good News: VLT Money Is Back

Press Statement

March 31, 2020
Restoration of VLT Aid in the 2020-20201 Budget Process
Contact: michele.madigan@saratoga-springs.org or 518-526-9377

Today the City of Saratoga Springs received news that the elimination of VLT aid to all municipalities outside of Yonkers was rejected/omitted by the NYS Assembly and Senate. The restoration of VLT Impact Aid in the 2020-2021 State Budget is a very positive outcome at this stage in the state budget process especially as we manage through the COVID-19 related fiscal uncertainties and hard choices confronting Saratoga Springs. I want to thank Assemblywoman Carrie Woerner and my colleagues Mayor Meg Kelly and Commissioner Robin Dalton for their efforts to protect this crucial revenue stream for our City. As I have previously stated, the Finance Department is working closely with the entire City government to minimize any disruption to essential City services and to protect our employees, citizens, and taxpayers. The restoration of VLT Impact Aid – which is approximately 4.27% of our projected revenues for the year – will help us to meet these challenges. 
 
The need for support covering the costs of hosting VLT facilities will continue for as long as we are hosting these facilities, and in the face of the current economy, this aid will be critical to our ability to protect the health, safety, and welfare of our citizens, visitors, and taxpayers.  I would also like to thank all those in State leadership with the foresight to understand our message and our needs.

Thank you

Michele Madigan

Commissioner of Finance

City of Saratoga Springs

TEMPORARY LOCATION 15 Vanderbilt Avenue

Saratoga Springs, NY 12866

518-587-3550 

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