Here’s Why Milton Received Millions From OLG
Published April 1, 2019 at 4:26 pm
The Town of Milton recently received millions from the Ontario Lottery and Gaming Corporation (OLG).
A recent press release from the town revealed exactly how much money Milton received.
The Town of Milton recently received millions from the Ontario Lottery and Gaming Corporation (OLG).
A recent press release from the town revealed exactly how much money Milton received.
According to the release, the town received $6,142,031 (for the fiscal year April 1, 2018 – March 31, 2019). The town received this money through the Municipal Contribution Agreement for being a host gaming community.
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“OLG is proud of the role we play in strengthening Milton and each of our host communities,” Jake Pastore, OLG’s Director of Municipal and Community Relations, said in a recent press release.
“Each and every year 100 per cent of OLG proceeds are invested in Ontario. From healthcare, to education, to community festivals, OLG proceeds are hard at work in Milton and all across our province. We also appreciate the contribution of Elements Casino Mohawk employees in making life in Milton that much richer.”
Two community facilities in Milton are getting upgrades as a result of previous proceeds.
“In 2018, $377,000 from the Town of Milton’s Slots Reserve was allocated towards facility improvements at the Milton Leisure Centre and FirstOntario Arts Centre Milton,” reads the release.
“Specifically, the funds support the replacement of the 25-year old heating and cooling system for the gym and studio at the Milton Leisure Centre and the reconstruction of exterior walls at the FirstOntario Arts Centre Milton.”
It was noted in the 2019 Town of Milton Proposed Capital and Operating Budget document that the recently announced OLG funds will go towards a slew of services such as engineering services, community services, as well as planning and development services.
However, the town’s 2019 approved budget book has not been released yet. As a result, it is unknown how much money will go towards each service and what projects will be included.
We will provide updates once the approved book has been released.
Regardless, these OLG proceeds, as noted in the release, have a positive impact on the Town of Milton.
“Proceeds from the Ontario Lottery and Gaming Corporation have a tremendous impact on our community,” said Milton Mayor Gord Krantz.
OLG has provided more than $108 million in hosting funds to the town since the opening of the gaming site at Mohawk in 1999.
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