Gov. Bob Holden's proposal for raising the additional $220 million needed to fully fund in fiscal year 2003 the formula for distributing state aid to local school districts:
Gambling related
Hiking gaming boat admission fees from $2 to $3; $50 million.
Repealing the casino loss limit of $500 per person every two hours; $75 million.
Increasing the state's take of gross casino earnings for patron losses from 20 percent to 22 percent; $31.5 million.
Allowing the Missouri Lottery to operate keno games at bars and other adults-only establishments; $20.8 million.
Other
Allowing the state, rather than retailers, to keep excess sales taxes if the customers overcharged can't be identified, which would cover most cases; $10 million.
Reducing to 0.5 percent the discount given to retailers for filing their sales taxes on time to offset the cost of collection; $24.9 million.
Offering a tax amnesty to businesses and individuals who agree to settle past debts with the state agreeing to waive interest and penalties; $15 million.
TOTAL: $227.2 million
Source: Missouri Division of Budget and Planning
Connect with the Southeast Missourian Newsroom:
For corrections to this story or other insights for the editor, click here. To submit a letter to the editor, click here. To learn about the Southeast Missourian’s AI Policy, click here.