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After Wasting $3.4 Million on Divisive and Flawed Lottery Privatization Plan, Gov. Corbett Now Says: Never Mind

McCord calls on Corbett to replenish wasted Lottery funds from his own budgetHarrisburg – More than a year after state Treasurer Rob McCord first questioned the legality of Gov. Corbett’s plan to privatize the Pennsylvania Lottery, Gov. Corbett today announced he is abandoning the proposal. “I am grateful that Gov. Corbett has finally heeded my call to put an end to this unwise and unnecessary ideological quest,” said McCord. "All of us who care about seniors can be thankful that Gov. Corbett has pledged not to waste any more seniors’ money on a failed effort to appease ideologues by

Treasurer McCord Issues Statement on Attorney General’s Rejection of Lottery Management Contract

Harrisburg – State Treasurer Rob McCord issued the following statement on Attorney General Kathleen Kane’s announcement today that she would not approve the Corbett Administration’s contract to turn management of the Pennsylvania Lottery over to a private company: “I commend the Attorney General for her independent review and subsequent rejection of the administration’s attempt to expand gambling through the state contracting process. “The administration was repeatedly warned, as early as last year, that the proposed contract would permit new forms of gambling not currently authorized

Treasurer McCord Disputes Legality of Lottery Expansion

In response to Revenue Secretary, he says more specifics are needed on nature of video lottery games.Harrisburg – Lacking a precise description of the types of gaming to be deployed on video lottery terminals, it is currently impossible to determine whether such an expansion of the lottery under a private management agreement would be lawful, State Treasurer Rob McCord said today. McCord wrote to Secretary of Revenue Daniel Meuser, responding to a December 28 letter in which the secretary contended that the state lottery law already gives his agency the right to introduce video gaming

TREASURER MCCORD QUESTIONS LEGALITY OF PAYMENTS TO PRIVATE MANAGER FOR LOTTERY EXPANSION

In letter to Revenue Department, McCord notes his responsibility to ensure that disbursements of public funds are lawful and correctHarrisburg -- State Treasurer Rob McCord today notified the Pennsylvania Lottery that depending upon the nature and extent of lottery expansion under a private management contract, his office would refuse to disburse payments to a private operator unless and until he is satisfied that the contract expenditure is lawful. McCord raised his concerns in a letter to Secretary of Revenue Dan Meuser. He noted that the draft Private Management Agreement (PMA)

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