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	<title>new jersey lawmakers | Horse Racing Free Tips</title>
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		<title>New Jersey Lawmakers Cut Only 25 Percent Of Purse Subsidy For 2021 Racing Season</title>
		<link>https://horseracingfreetips.com/new-jersey-lawmakers-cut-only-25-percent-of-purse-subsidy-for-2021-racing-season/</link>
		
		<dc:creator><![CDATA[News]]></dc:creator>
		<pubDate>Tue, 29 Sep 2020 21:23:16 +0000</pubDate>
				<category><![CDATA[Horse Racing News]]></category>
		<category><![CDATA[darby development]]></category>
		<category><![CDATA[Dennis Drazin]]></category>
		<category><![CDATA[gov. phil murphy]]></category>
		<category><![CDATA[Horse racing news]]></category>
		<category><![CDATA[horse racing subsidy]]></category>
		<category><![CDATA[Monmouth]]></category>
		<category><![CDATA[monmouth park]]></category>
		<category><![CDATA[New Jersey]]></category>
		<category><![CDATA[new jersey lawmakers]]></category>
		<category><![CDATA[purse subsidy]]></category>
		<category><![CDATA[The Biz]]></category>
		<guid isPermaLink="false">https://www.paulickreport.com/?p=283154</guid>

					<description><![CDATA[<p>Though the initial budget proposal floated by New Jersey Gov. Phil Murphy cut the state's entire $20 million horse racing subsidy, the budget passed on Tuesday by state lawmakers reduced the subsidy by only $5 million. According to the Thoroughbred Daily News, the 2021 racing season will have a purse subsidy of $15 million, to […]</p>
<p>The post <a rel="nofollow" href="https://www.paulickreport.com/news/the-biz/new-jersey-lawmakers-cut-only-25-percent-of-purse-subsidy-for-2021-racing-season/">New Jersey Lawmakers Cut Only 25 Percent Of Purse Subsidy For 2021 Racing Season</a> appeared first on <a rel="nofollow" href="https://www.paulickreport.com/">Horse Racing News &#124; Paulick Report</a>.</p>
The post <a href="https://horseracingfreetips.com/new-jersey-lawmakers-cut-only-25-percent-of-purse-subsidy-for-2021-racing-season/">New Jersey Lawmakers Cut Only 25 Percent Of Purse Subsidy For 2021 Racing Season</a> first appeared on <a href="https://horseracingfreetips.com">Horse Racing Free Tips</a>.]]></description>
										<content:encoded><![CDATA[<p>Though the initial budget proposal floated by New Jersey Gov. Phil Murphy cut the state's entire $20 million horse racing subsidy, the budget passed on Tuesday by state lawmakers reduced the subsidy by only $5 million. According to the <em>Thoroughbred Daily News</em>, the 2021 racing season will have a purse subsidy of $15 million, to be split evenly between Thoroughbreds and Standardbreds.</p>
<p>Dennis Drazin, Chairman and CEO of Darby Development, which manages Monmouth Park, said he believes the $5 million difference won't cause purse reductions for the track's 2021 season.</p>
<p>“I am pleased that the Governor has seen fit to give us back 15 of the $20 million that is going to go support purses next year,” Drazin told <em>thoroughbreddailynews.com</em>. “Since it was taken out of the budget, we have worked hard on this and, fortunately, through leadership in the Senate and the Assembly, as well as a lot of our local politicians who supported the effort, the Governor saw fit to put it back in the budget. We would have liked to have had the full $20 million, but given that he is cutting everybody, I am thrilled that the Governor has our back and recognizes the importance of the industry and how important it is to save a lot of jobs and keep us competitive.”</p>
<p>Read more at the <a href="https://www.thoroughbreddailynews.com/new-jersey-purse-subsidy-cut-by-just-5-million/"><em>Thoroughbred Daily News</em>.</a></p>
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<p>The post <a rel="nofollow" href="https://www.paulickreport.com/news/the-biz/new-jersey-lawmakers-cut-only-25-percent-of-purse-subsidy-for-2021-racing-season/">New Jersey Lawmakers Cut Only 25 Percent Of Purse Subsidy For 2021 Racing Season</a> appeared first on <a rel="nofollow" href="https://www.paulickreport.com/">Horse Racing News | Paulick Report</a>.</p>

<p class="syndicated-attribution"><a href="https://www.paulickreport.com/news/the-biz/new-jersey-lawmakers-cut-only-25-percent-of-purse-subsidy-for-2021-racing-season/">Source of original post</a></p>The post <a href="https://horseracingfreetips.com/new-jersey-lawmakers-cut-only-25-percent-of-purse-subsidy-for-2021-racing-season/">New Jersey Lawmakers Cut Only 25 Percent Of Purse Subsidy For 2021 Racing Season</a> first appeared on <a href="https://horseracingfreetips.com">Horse Racing Free Tips</a>.]]></content:encoded>
					
		
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