CHARLESTON, W.Va. - The state Racing Commission has a $900,000 deficit heading into the 2014 fiscal year.
Commissioners briefly discussed the matter at a Tuesday meeting.
"There is a deficit, and the commissioners, they're working right now on a couple different plans over the next few years to address that," Executive Secretary Jon Amores said after the meeting.
The commission is in charge of overseeing the horse and greyhound racing industries in West Virginia. Its administrative budget is $2.5 million to $3 million, but it's in charge of several other accounts as well, Amores said.
He didn't know exactly where those accounts put the commission's total budget, but he said administrative costs are the majority.
"Internal agency cost issues" are the main reason for the deficit, Amores said. There isn't one particular area to blame.
"If there was one thing that was clearly standing out, then we would address it," Amores said.
Simulcast wagering revenue is down 5 percent from where it stood at this point last year, Amores said. Revenue in June went down 26 percent compared to May; Amores said that was usual because there are more races in May than June.
The commission is working on conducting a "top to bottom review of the agency" to find a way to trim its administrative costs, he said.
Streamlining accounts could help, but he said the funding issue will be a priority for the commission during the 2014 legislative session.