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> Indianapolis still trying to grab gambling money
Southsider2k12
post Feb 8 2017, 12:28 PM
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http://www.nwitimes.com/news/local/govt-an...campaign=LEEDCC

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Casino communities in Northwest Indiana can breathe a temporary sigh of relief after state lawmakers Wednesday dialed back proposed changes in the distribution of gaming revenues.

House Bill 1350 was amended to delay the reduction of supplemental admission tax payments to local governments until at least July 2019, and then only reducing the annual $48 million distribution by $6 million over two years instead of an $18 million cut this July.

As originally written, Hammond, East Chicago, Gary, Michigan City, Lake County, LaPorte County, the county tourism agencies and the Northwest Indiana Law Enforcement Academy stood to lose a collective $9.8 million if the proposal became law.

The revised legislation also delays until July 2018 the planned replacement of the $3 admission tax at riverboat casinos with an additional 3 percent wagering tax.

Likewise, Indiana casinos still would be subject to "double taxation," with paid wagering taxes counting as income for tax purposes, until next summer.

State Rep. Todd Huston, R-Carmel, said he didn't fully realize how much local governments rely on gaming revenues until he worked with stakeholders from the Region and elsewhere to revise his original proposal.
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He concluded that it's in everyone's best interest to give local communities a "soft landing," with time to make forward-looking budget adjustments, since the supplemental gaming revenue provided by the state since 2002 may not always be available.

"Quite honestly, $48 million is more than half a percent of the K-12 (school) funding formula, and if we ever had a financial problem that'd be a quick place to go find $48 million to put in K-12," Huston said.

His rewritten legislation passed the Public Policy Committee, 9-1. It next goes to the Ways and Means Committee for further review of the financial impact.
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outsider
post Feb 9 2017, 07:30 AM
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"State Rep. Todd Huston, R-Carmel, said he didn't fully realize how much local governments rely on gaming revenues until he worked with stakeholders from the Region and elsewhere to revise his original proposal."

And I'm sure he didn't realize that all of the toll road sale money went to rebuild Carmel and half of Hamilton county.

I am always skeptical of any bright ideas that come from Indianapolis. I will never forget reading transscripts of the transportation committee several years ago noting all the Indianapolis and southern Indiana members who couldn't understand why the northern counties needed proportionally more road dollars than the rest of the state while concurrently pitching the idea of saving road money by reducing the oil base in asphalt. They didn't understand what snow and ice do to roads.
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Southsider2k12
post Apr 4 2017, 01:10 PM
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http://www.nwitimes.com/news/local/govt-an...campaign=LEEDCC

QUOTE
INDIANAPOLIS — The Indiana Senate voted Monday to continue paying local governments their guaranteed shares of state gaming tax revenue for the next four years.

House Bill 1350 was amended to postpone until July 2021 any reduction in the $48 million of supplemental admission tax annually distributed to casino communities, and the $33 million provided to non-casino communities across the state.

Originally the legislation would have reduced those payments going forward by a rate equal to the yearly decline in total state gaming revenue compared to 2016.

As revised, the guaranteed money will be reduced starting in 2021, with 2020 used as the base year for comparison.
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