Racing's Allocation Down in Budget 2009 There will reductions in funding for a range of cultural and sporting projects. In particular, a reduction is being made in the allocation for the Horse and Greyhound Racing Fund to E69.7 million in 2009, from E76.3 million in 2008. The arrangements are being ended whereby the annual payment to the Fund is automatically calculated by reference to the previous year's betting duty or the contribution to the Fund in the year 2000 as adjusted for inflation.
