TITLE

Maryland Governor's Racetrack Slots Plan Likely to Miss Its Last Hurdle

AUTHOR(S)
Newman, Emily
PUB. DATE
April 2003
SOURCE
Bond Buyer;4/3/2003, Vol. 344 Issue 31607, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Maryland governor Robert L. Ehrlich Jr.'s proposal to install slot machines at four racetracks in the state faced a problem, as the House of Delegates was poised to reject the plan, as of April 2003, despite the administration's insistence that gaming revenue is the best way to balance the budget. Budget and Management Secretary James “ Chip ” DiPaula Jr. defended the proposal before the House, saying that slot revenue would stave off large budget reductions and protect state jobs and education initiatives, but delegates now seems ready to push their version of the budget, minus slot revenue. The state faces a combined budget shortfall of more than $2 billion for this fiscal year and the next. The House budget plan proposes other revenue sources as substitutes for the governor's plan, including more than $200 million in additional business taxes and fees, which would raise the annual filing fees paid by corporations based on the size of each business.
ACCESSION #
9541372

 

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