State Budget Blues

POSTED BY: George Hiotis
Friday, April 4, 2003 - 02:02 PM
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House republicans may ask voters to choose between a temporary one-cent sales tax increase of the addition of video lottery terminals at racetracks to raise revenue. Representative Patty Clancy says the state has to do something to address declining revenues and that putting the issue to votes is one option. The G-O-P plans calls for a penny increase in the five-cent sales tax to take effect July first for the first year of the upcoming two-year budget. Voters would then be asked in November whether they want to allow video lottery terminals at Ohio’s racetracks instead of the sale tax boost. If they reject gambling, the tax increase would stay in place. The sales tax increase would raise about one-point-two billion dollars year while slot machines could raise 400 million to 900 million dollars a year.

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