If seen two blog posts in the last week or so about Proposition A. Steve Patterson over at Urban Review is still Undecided on Proposition A. Mayor Slay, on the other hand, will be Voting For Prop A.
If you’re not familiar with Proposition A, the full text can be found here. A summary is here below:
Official Ballot Title:
Shall Missouri law be amended to:
- repeal the current individual maximum loss limit for gambling;
- prohibit any future loss limits;
- require identification to enter the gambling area only if necessary to establish that an individual is at least 21 years old;
- restrict the number of casinos to those already built or being built;
- increase the casino gambling tax from 20% to 21%;
- create a new specific education fund from gambling tax proceeds generated as a result of this measure called the “Schools First Elementary and Secondary Education Improvement Fund”; and
- require annual audits of this new fund?
State governmental entities will receive an estimated $105.1 to $130.0 million annually for elementary and secondary education, and $5.0 to $7.0 million annually for higher education, early childhood development, veterans, and other programs. Local governmental entities receiving gambling boat tax and fee revenues will receive an estimated $18.1 to $19.0 million annually.
Fair Ballot Language:
A “yes” vote will amend Missouri law to:
- repeal the current individual maximum loss limit for gambling;
- prohibit any future loss limits;
- require identification to enter the gambling area only if necessary to establish that an individual is at least 21 years old;
- restrict the number of casinos to those already built or being built;
- increase the casino gambling tax from 20% to 21%;
- create a new specific education fund from gambling tax proceeds generated as a result of this measure called the “Schools First Elementary and Secondary Education Improvement Fund”; and
- require annual audits of this new fund.
A “no” vote will maintain the current individual maximum loss limit of five hundred dollars for each gambling excursion. The casino gambling tax will not be increased nor will the “Schools First Elementary and Secondary Education Improvement Fund” be created. Also, the number of new casinos that may be built in Missouri will not be restricted.
If passed, this measure will increase the casino gambling tax.
In general, I don’t have a problem with removing the loss limits on gambling. If people are entertained that way and want to spend their money there, fine. We don’t put limits on how many beers, nachos and souvenirs you buy at a Cardinals game.
At the same time, why the need to prohibit any further competition? Why prohibit loss limits from being added in the future? Oh, and why the special education fund from the proceeds of this change? Does that mean just the extra 1% in tax, or does it include the full 21% for anything people lose over $500 as well? Wasn’t the casino money supposed to be going to education all along?
If you ask me to vote on removing the loss limits, you’d have my vote. However, you throw in all the other crap so that you (the casinos) make out like bandits in the process, I will emphatically vote NO.
If you want more details on the other ballot initiatives, you can find details and the full text of them all at them all over at the SOS site.