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Michigan City officials warn riverboat revenue shortfall will force cuts, pause new riverboat-funded capital
Summary
At a March 6 workshop, administration and the controller told council members that riverboat (casino) wagering receipts fell far short of budget projections, prompting a pause on new riverboat-funded capital and a push for conservative 2025 budgeting and fee reviews.
Michigan City officials told the Common Council in a March 6 budget workshop that riverboat wagering revenues have declined sharply from pre‑COVID projections and that the administration will not budget new riverboat‑funded capital for the coming year.
At the start of the workshop, an administration official said, “The riverboat money that we've been receiving has been declining” and warned council members the city must begin a more conservative budgeting approach. The controller, Mary Anne Wall, said the administration submitted its annual report and presented actual cash balances to the council for review.
Wall walked members through the budget workbook and the Department of Local…
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