Speech By Gaming Control Board CFO To Kick Off the Annual Meeting of Pennsylvania Township Commissioners

HARRISBURG, PA: Eileen H. McNulty, Chief Financial Officer for the Pennsylvania Gaming Control Board, will be the opening speaker for the 83rd Annual State Association of Township Commissioners Convention. The event will be held June 23-25, 2008 at the Willow Valley Resort in Lancaster.

McNulty will be presenting an update on legalized slots gaming in the Commonwealth including figures on revenue for property tax relief, economic development and local government shares.

Since the opening of the first slots casino in November 2006, legalized slots gaming has generated over $1.5 billion in revenues. These funds are being used to provide general property tax relief to all Pennsylvania homeowners, more than double those eligible rebates under the property tax and rent rebate program for seniors, reinvigorate the state’s horse racing industry, and provide thousands of new living wage jobs.

In addition, the seven slot machine casinos currently in operation have injected almost $80 million of new revenues into the budgets of the county and local governments that serve as hosts to these facilities. During the next year, four more facilities are scheduled to open while three existing facilities are slated to significantly expand.

McNulty was appointed by the Pennsylvania Gaming Control Board as its first Chief Financial Officer in November 2006. In a consolidation of functions in June, 2008 she took on the additional responsibilities of the Bureau of Administration. Prior to serving as CFO, McNulty was Executive Deputy Secretary of the Pennsylvania Department of Revenue since 2003. McNulty earlier served as Secretary of Revenue from 1991 to 1995 as a member of Governor Robert P. Casey Sr.’s cabinet. A complete biography for McNulty is available on the Gaming Control Board’s web site at www.pgcb.state.pa.us under the About PGCB/Executive Staff tab.

The Pennsylvania State Association of Township Commissioners (PSATC) represents Pennsylvania’s first class townships and their elected governing officials before the Pennsylvania General Assembly and the Commonwealth’s various agencies. PSATC was founded in 1925 to distinguish itself from the second class townships which are much larger in number. Pennsylvania currently has 91 townships of the first class compared to 1,456 townships of the second class.

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