Your outrage was heard
FRANKFORT, Ky. — Kentucky lawmakers won't pursue a 6% tax on lottery tickets as a source of revenue to shore up the state's financially troubled pension system for government retirees.
House Speaker Greg Stumbo said that idea was rejected out of concern that a tax might have stifled sales of lottery tickets that generate money for education programs in Kentucky.
Instead, Stumbo said lawmakers will unveil legislation on Tuesday that will call for the lottery to create new games, including Keno, that could generate about $25 million for the pension system. He said the legislation would also call for tax revenue from slot-like machines, called Instant Racing machines, at horse tracks to be designated for pensions.
He said that could eventually net $100 million a year for pensions, if the Supreme Court approves.
Good call, Kentucky.
Speaker Stumbo-stumbled but recovered to save face. I look forward to reading Stumbo do a mea culpa and say " Lottery Post readers took my proposal to the woodshed".
Good Call Speaker.
About time they got something right
Maybe they are not educated beyond their intelligence after all ( at least on this one )
Thanks for the info and news Todd
WTG Kentuckians
They seen the light.
I knowed that wadn't goin' through.
I knowed it.
don't worry, they'll find a way to steal money for the pension fund.
Turning to Keno as a problem solver is always a good idea.
Hooray for Kentucky!
I can't even believed this idea was considered.
What a bunch of krotchwaffles you got down there gary....unreal
Buy a $5 MM ticket and casher says, "That will be $5.30 please"....... People would hate it.
just like the gas no one likes higher prices but they would keep buying them
i like keno rock on KY.
Because taxes are hidden in the price per gallon, no one ever notices how high those taxes really are.
how low can they go????????????<<<<<<<<<????????????
tax on lottery tickets to go for goverment employee "RETIREMENT" fund.
no.....now we'r gona let keno "BANK" the "RETIREMENT" $$$$$$$$$$$
forget play'n D lottery>>>>>>people>>>get U one them government job'$!
"Instead, Stumbo said lawmakers will unveil legislation on Tuesday that will call for the lottery to create new games, including Keno, that could generate about $25 million for the pension system. He said the legislation would also call for tax revenue from slot-like machines, called Instant Racing machines, at horse tracks to be designated for pensions."
"He said that could eventually net $100 million a year for pensions, if the Supreme Court approves."
Their goal from the beginning was to get slot machines into the race tracks. but they'll never even see the $49 million a year they projected from sales tax on lottery tickets. Maybe one of these years they will actually stumbo onto a way to fund the pensions.
i never know the price of gas i just put the card in and it gives me gas.
pay @ PUMP is much easier...