Casino Fiscal Impact Study

Cecil County, Maryland (County), along with the Town of Perryville (Town) are seeking a qualified firm (Consultant) with demonstrated experience to conduct an independent professional analysis of a fiscal impact study.

Section 9-1A-31 of the State Government Article of the Maryland Code establishes a system of “State Distributed Video Lottery Terminal (VLT) Revenues” payable by the State pursuant to Section 9-1A-27(a)(3), from proceeds received by the State from Video Lottery Terminals at each Video Lottery Facility. These State Distributed VLT revenues are referred to as “Local Impact Grants”. In 2011, Cecil County Government and the Town of Perryville entered into a 15-year revenue sharing agreement regarding the distribution of the Local Impact Grant funds with 65% of the State Distributed VLT revenues payable to the County and 35% payable to the Town of Perryville. The current 15-year agreement concludes at the end of the calendar year 2026. Within the current agreement there exists detailed sequential directives targeted toward renewing or modifying the existing agreement, prior to its termination on December 31st, 2026, contingent upon agreement by both Cecil County Government and the Town of Perryville.

The existing agreement stipulates that if it is still in effect on January 1 ^st , 2025, the County and the Town shall engage in good faith negotiations to extend, modify or supersede this agreement in order to provide for an equitable allocation of State Distributed VLT Revenues between the County and the Town after December 31, 2026. Further, if the County and the Town do not reach agreement by June 30, 2025, both parties shall jointly engage a consultant to conduct an independent analysis of the continuing and anticipated future impacts, paid jointly by both parties.