Danville’s proposed budget for the upcoming fiscal year anticipates another increase in revenue from the Caesars Virginia casino resort, as well as revenue increases from adjusted utility rates.
The city expects to receive about $37.7 million from gaming tax revenue from Caesars Virginia during the next fiscal year, according to City Manager Ken Larking’s proposed budget, which he presented at a media briefing Tuesday.
This is a $2.7 million increase over the gaming tax revenue projection for the current fiscal year, the first full year that the casino resort was operational. Next year’s revenue will continue to be used for a variety of initiatives, including public education, public safety, economic opportunities, housing and infrastructure.
