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Without debate or specifics, Gaming Board recommends state alter Chicago casino tax structure
Monday, Sep 16, 2019 - Posted by Rich Miller * This might possibly help the prospects of a trailer bill during veto. But lowering taxes on the Chicago operator will mean less money for the state and/or the city. The state needs that dough for vertical infrastructure projects and the city needs it for police and fire pensions. And as far as I can tell, there’s no agreement yet about how to do it or even if they will do it. Some folks in high places say Lightfoot should just put the casino license out to bid as-is to see if she gets any takers before fiddling with the tax structure. But the clock is ticking and veto session is approaching fast…
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- Telly - Monday, Sep 16, 19 @ 3:05 pm:
Maybe a casino co-owned by Chicago and the state, with a gaming company hired to run the place? The city and state would assume more risk and have to front money to build the place, but would keep all the profits.
- Wow - Monday, Sep 16, 19 @ 3:05 pm:
I doubt the State is changing their tax rate. They can eliminate the City’s extra tax and let her go cut a deal with a developer
- Michelle Flaherty - Monday, Sep 16, 19 @ 3:24 pm:
When did the Gaming Board become an advocacy group? Are they registered as lobbyists?
- Rich Miller - Monday, Sep 16, 19 @ 3:28 pm:
===When did the Gaming Board become an advocacy group?===
Not certain here, but I think the new law requires this step after the consultant issued its analysis.
- Frank talks - Monday, Sep 16, 19 @ 4:47 pm:
Ok well good luck. Politically this should go over well.
Property taxes going through the roof, income taxes about to be changed, new gas tax and other fees but we want to help business so let’s cut the taxes of a casino owner?
- Annonin' - Monday, Sep 16, 19 @ 4:48 pm:
How likely other parties will want less taxes too…sounds like song sung before…remember melody of Movin’ to Rosemont?