In a surprising turn of events, the town of Tyre in upstate New York has announced that it will not be levying any taxes on its residents in 2025, thanks to the substantial revenue generated by the del Lago Resort and Casino.
The Finger Lakes Times reported that the casino, which opened its doors in 2017, has been a major boon to the local economy, creating jobs and driving tourism to the region. In fact, the casino has consistently exceeded revenue projections since its opening, leading to a steady stream of income for the town.
Tyre Supervisor Ron McGreevy praised the casino’s impact on the community, stating that it has brought much-needed revenue and development to the town. “Thanks to the success of the del Lago Resort and Casino, we are able to provide essential services to our residents without imposing a tax burden on them,” McGreevy said.
The news of the tax-free year has been met with excitement and relief by Tyre residents, many of whom have seen their property values increase as a result of the casino’s presence. Some have even credited the casino with driving growth in the local real estate market, as more people seek to move to the area to take advantage of the amenities and job opportunities brought by the resort.
However, not everyone is thrilled about the news. Some critics have raised concerns about the town’s reliance on casino revenue as a source of income, arguing that it is not a sustainable long-term solution. They worry that if the casino were to experience a downturn in the future, the town could be left scrambling to find alternative sources of funding.
Despite the potential risks, for now, residents of Tyre are enjoying the benefits of a tax-free year, thanks to the success of the del Lago Resort and Casino. As the town looks towards the future, it will be interesting to see how it continues to capitalize on this unexpected windfall and ensure the long-term financial stability of the community.