Seneca County could be facing a deficit of up to $5 million if federal aid is not passed by Congress.
This is at least partly due to del Lago Resort & Casino, which has been closed since mid-March.
County Manager Mitch Rowe told the Finger Lakes Times that the closing of del Lago in March has resulted in a $2 million loss.
“We put $2.5 million in the 2020 budget in revenue from del Lago. We received a first quarter payment of about $500,000, but then it closed and we haven’t gotten anything since then,” Rowe told the FLT. “If they remain closed the rest of the year, which we hope they aren’t, we will see a deficit there of about $2 million.”
Another $2 million could be lost in county sales tax revenue. A third factor could be state reimbursements and aid funding, which Gov. Andrew Cuomo says will be reduced by 20% if federal funding is not secured.
The state is facing a budget crisis of its own.
A detailed presentation is coming up at the August 25th meeting.