INDIANAPOLIS – State Rep. Gail Riecken (D-Evansville) said today she will move quickly to pursue legislation that will enable Vanderburgh County and other local units of government to recover potentially devastating losses in revenue that would result if suggested changes in state gaming laws take place.
Riecken said she will offer an amendment to House Bill 1540 to enable local units to recoup losses that would come from provisions in the legislation that take away nearly $58 million in support to the local governments with casinos and eliminate a casino admissions tax that provided added proceeds to local units.
“If these changes come to pass, Vanderburgh County, Evansville and the Convention and Visitors Bureau together will lose approximately $4.2 million in revenue after December 31, 2016 that is critical to the ongoing needs of residents in our area,†Riecken said.
“At a time when local units are suffering under intense financial burdens that make it difficult to do things like keep our roads clear, our streets safe, and ensure that residents get the regular daily services they deserve, it is entirely unacceptable to me and many others that we should accept some of the provisions that are contained in the current version of HB 1540,†she added.
“In that light, it seems only fair to provide a means for local units to get that revenue back, and in this current atmosphere, I must say that a wagering tax appears to be the best option available,†Riecken said. “I will move as quickly as possible to provide that option.â€
HB 1540 will first become eligible for amendment by Riecken and other House members on Monday.