New Jersey Gov. Chris Christie has vetoed a decision by the state’s
racing commission to award $15 million in casino subsidies to the
state’s Thoroughbred and Standardbred industries, according to a letter
Christie sent to the commission.
The decision to veto the act will
not have a measurable impact on the plans of the racing industries,
because the subsidy was not expected to be granted after it was inserted
into legislation creating a new regulatory framework for the state’s
casino industry. The subsidy provision was inserted on behalf of
legislators in districts where the state’s racetracks are located, over
the stated objections of Christie.
Under the measure, the state’s
casinos would have been required to provide a total of $30 million to
the state’s racing commission over the next three years, to be
distributed as the commission saw fit to the state’s racing industries.
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