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Posted At : May 5, 2009 11:45 AM | Posted By : D McKee
Related Categories:
Taxes,Politics,Florida
With the Lege drawing to a close, Florida lawmakers will procrastinate on the tribal-gambling-compact issue in one of two ways: Leave it until the very end or handle it in a special session. (Your tax dollars at work, Floridians.)
Although uncoupling the compact from education funding has slowed negotiations to a crawl, there are hints of movement toward compromise. Stick-in-the-mud Republicans in the lower house, who essentially don't want to concede diddly, may be open to permitting blackjack at one Seminole casino. What the state Senate is prepared to yield is less clear (its pet proposal would spread Class II gaming statewide), although a lowering of the gambling age to 18 is certain to go over the side, if it hasn't already.
The initial Senate proposal was a "Christmas tree" of goodies for every stripe of the gambling industry, presumably with the intention of bartering away this or that bauble once negotiations got serious. And every business with a vested interest in the outcome of House/Senate negotiations seems to have a special exemption or amendment of its own to peddle.
Then again, don't put it past Florida lawmakers to just walk away from $280 million. Gov. Charlie Crist (R) may be in step with the national zeitgeist but he's far in advance of many in his own state party who pine for the days when gambling was unsafe, rare and illegal. At least the GOP's historical preference for lower corporate taxes has been put to good use in the current debate, with Class III private-sector casinos in Miami-Dade and Broward counties granted a 30% reduction in taxes levied. While that's not enough to level the playing field vis-a-vis their Seminole competitors, it gets them back in the game. Here's hoping it brings back some of the companies that have soured on the low-yield South Florida market.
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