[Cannon Shell]

Originally Posted by Riot

Excerpts from todays Lexington Herald-Leader:

"House panel OKs bill for slots at tracks. But Stumbo doubts it will pass full house this session."

"Despite Thursday's swift action, the slots bill proposed by House Speaker Greg Stumbo will go to the Appropriations and Revenue Committee, where Stumbo said it might be shelved for the session."

Stumbo said it was up to the horse industry to makes it's case (meaning don't expect politicians to put their butts on the line supporting this publically)

"Gov. Beshear said he would not object to including slots in the tax debate but said his hands are presently full with the state's budget crisis"

"Opponents of expanded gambling objected to the fact that copies of the bill were not available before the meeting."

"Although she called the committee's action "a travesty" because of the lack of public input, the Rev. Nancy Jo Kemper, executive director of the Kentucky Council of Churches, said she does not see Thursday night's vote as significant."

New licensing structure: Turfway would pay highest fee $125 million, Keeneland and The Red Mile would share a slots license with a fee of $100 million. Churchill buys it's own at $100 million.

Flat 28 percent tax rate on proceeds from slots for the first five years (to the state), then 28 percent tax on first $100 million in revenue and 38 percent on anything above that.

Kemper is as dirty as a politician