Report: Suffolk OTB hands out raises despite bankruptcyPosted: Updated:
The Suffolk OTB is handing out hefty raises with taxpayer money, despite being bankrupt for years.
Newsday reports that the agency approved more than $500,000 in raises for non-union employees. The OTB board also raised President and CEO Phil Nolan's salary to more than $197,000, an increase of $45,000.
The raises were approved, even though the agency has been mired in bankruptcy since 2011 and still owes creditors $13 million.
Fort Salonga Republican Legislator Rob Trotta says it’s irresponsible for Suffolk OTB to award raises to staff while residents have yet to receive any benefit from the county's gambling revenue.
“The county is basically getting no money out of this. The taxpayers are getting no money, and we're paying off debt,” says Trotta.
Suffolk OTB has been raking in millions ever since it opened Jake's 58 Casino in Islandia last year. Nolan told Newsday it has also increased the workload on many of OTB's employees, some of whom have not received a raise in more than six years
News 12 requested an interview with Nolan, but his office did not return a phone call.
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