One of the five statewide issues Missourians will vote on next week will be Proposition A – a measure that would do away with the $500 loss limit at Missouri casinos and provide additional money for public schools. Scott Charton, representing the Yes on Prop A forces, says the additional revenues must be set aside for education.
Approval of Proposition A would also cap the number of casinos at the number of boats that currently exist or are under construction. In addition, it would raise the gambling tax from 20 to 21 percent.
The Casino Watch Committee is the main opponent to approval of the initiative. Casino Watch’s Evelio Silvera says there are no guarantees that additional money will be raised for education. He adds any additional revenues could be a wash in that the extra dollars would go to education, but the General Assembly could respond by withholding the same amount of general revenue dollars from schools.
Silvera claims the only way $100-million in additional revenue could be added to education is if Missourians lose an additional $500-million in the casinos.