Voting YES on A is good for our schools and for our economy, particularly in the St. Louis region," noted RCGA President and CEO Richard C.D. Fleming. "By increasing the education revenues paid by Missouri casinos, Prop A will provide millions in new funding for elementary and secondary schools - with no new taxes on Missouri residents. Prop A also will help protect thousands of casino jobs in the St. Louis region and help attract more tourists and revenues here by repealing Missouri's outdated us$ 500 spending limit and bringing Missouri's casino regulations in line with neighboring states."
The state gaming tax paid by casinos currently generates nearly us$ 300 million per year for schools. Prop A will increase that tax to 21 % - adding us$ 105 million to us$ 130 million per year in new funding for elementary and secondary schools statewide. The Initiative also eliminates Missouri's outdated us$ 500 loss limit, which doesn't exist in any other state.
Missouri State Auditor Susan Montee has determined that Prop A will provide us$ 105 million to us$ 130 million per year in new funding for schools statewide, plus millions in new funds for early childhood programs, college scholarships, veterans' services, police and fire protection, and other state and local services from the us$ 2 per visitor excursion fees and local taxes casinos pay.
Joining the RCGA in support of Prop A are: Missouri Chamber of Commerce and Industry; The Partnership for Downtown St. Louis; Partners for Progress; the Hotel and Lodging Association of Greater Kansas City; as well as a host of business and civic groups, and hundreds of teachers and other educators throughout the state.
"The RCGA Board of Directors for several years has recommended elimination of the loss limit as part of its Legislative agenda," Fleming added. "Prop A will allow the casinos in the St. Louis region, as well as those elsewhere in Missouri to compete at the same level as casinos in our surrounding states. It also will encourage development of hotels, restaurants and retail services at casino sites and elsewhere."