Senator Chris Gebhard and Representative Eric Weaknecht have announced that more than $157,000 in funding from the Commonwealth Financing Authority (CFA) will be allocated to projects in Berks County. The funding is sourced from gaming revenues.
“Bringing these gaming revenue funds back to the district will help to defray costs that would have otherwise been passed along to residents, or, unfortunately, many of these projects wouldn’t have happened at all,” stated Gebhard and Weaknecht. “We are grateful to have worked together to play a part in securing this critical funding from the profits made at the Hollywood Casino in Morgantown, Berks County.”
The CFA’s Local Share Account Program distributes gaming revenue for public interest projects throughout Pennsylvania. Established in 2004 as an independent agency under the Pennsylvania Department of Community and Economic Development, the CFA administers economic stimulus packages across the state. The distribution of gaming revenue is outlined by the Pennsylvania Race Horse Development and Gaming Act of 2004.
For further information, contact Matthew Urban at 717-787-5708 for Senator Gebhard or Virginia Van Steenvoort at 610-378-4407 for Representative Weaknecht.
