| | Advanced Search

 

Friday Financial Five - August 29, 2014—The Tax Foundation has put together a helpful…

RI Resource Recovery Collected 6K Pounds of Clothes—RI Resource Recovery has received more than 6,000…

5 Live Music Musts - August 29, 2014—We’ve got Rhythm and Roots and a whole…

The Cellar: Late Summer Values—While this week saw some fantastic weather there…

URI Ranked in Top 50 of LGBTQ-Friendly Universities in the Country—The University of Rhode Island has been ranked…

RI Politicians Who Sought Redemption from Misdeeds—See the Rhode Island politicians who have bounced…

Fall’s Best Foodie Events—Something that's different now -- much different than…

Brian Counihan Joins Iron Works Tavern as Executive Chef—Chef Brian Counihan has joined the team at…

Narragansett Bay Ranked #5 as Best for Boaters in US—Providence has ranked as the #5 best region…

newportFILM To Present Last Two Outdoor Screenings of the Summer—newportFILM will host their last two outdoor screenings…

 
 

NEW: State Representative Says Twin River Must Pay More

Wednesday, January 23, 2013

 

Perhaps in response to a report that increased competition from Massachusetts will result in Rhode Island losing an estimated $307.6 million in lottery revenue over the next four fiscal years, House Minority Leader Brian C. Newberry is calling for Twin River to increase the amount of revenue its gives the state.

Newberry’s bill would raise the percentage Rhode Island gets from soon-to-be installed table games at the facility from 18 to 20 percent and the Republican Representative from North Smithfield/Burrillville says the action is necessary after a failed attempt by lawmakers last year to get a better explanation of where the originally agreed-upon percentage came from.

“According to data, Twin River itself can afford to pay more than they are,” Newberry said. “So why aren’t they?”

Newberry had attempted to raise the figure to 20 percent last year but was not successful before the initial bill was passed.

“While it is unfortunate that Twin River is a de facto, if not legal, arm of the state, the fact remains that it is a primary source of state revenue,” he said. “Given this situation, and given the already existing high tax rates and chronic deficit problems, the General Assembly has an obligation to our constituents to maximize the revenue from this source rather than allow it to flow to out-of-state- owners. Why we are not is a mystery.”

The legislation is co-sponsored Rep. John G. Edwards (D-District 70, Portsmouth, Tiverton), Rep. K. Joseph Shekarcki (D-District 23, Warwick), Rep. Frank G. Ferri (D-District 22, Warwick), and Rep. Michael W. Chippendale (R-District 40, Foster, Glocester, Coventry).
 

 

Related Articles

 

Enjoy this post? Share it with others.




Commenting is not available in this channel entry.