AgdaPkt 2004-09-13 - Laserfiche WebLink

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_ �. g Legislative AnalysYs Office 7/15/04:8:50 am FINAL Net Win Payments. Racetracks and card rooms would pay 30 percent of the net win from their slot machines to the GRTF. They would also pay 2 percent of their net win to the city and 1 percent to the county in which the gambling facility is located. The measure specifies that the payments to the GRTF be in place of any state or local gambling-related taxes or fees enacted after September 1, 2003. The five racetracks also would be required to pay annually an additiona120 percent of the net win on their slot machines. These funds would be administered by the California Horse Racing Board and used to benefit the horse racing industry, including the increase of race purses. Distribution of Gambling Revenues . Payments based on net win would be made to the GRTF under either scenario— whether tribes revised their compacts or racetracks and card rooms operated slot machines. In either case, slot machine operators would be required to pay for annual audits of their reported net win and payments made to the GRTF. The measure ��tal��s�t�� fiv�m�t�r _ ' ' t��"�'#��enr�'�q_ad�3n�sfer t� ��, �:� '' �i�e � d�c.i� h�w` �tds �aa ' GRTF �ul� b�istr�ute�.� �� o��he �rls '�. :... ' wauld be �istri'biited tcti�lo�a��gove�ments �rougftout the�e foi��d � ��1 �Yuld-r '• � protective, pohce, and firefighting services. � � �� .�* � � �. ; � � � � � � , _ �-� � � �:�. N ! ....: _...... ..�..:. :,._ , i :.. �._ : �._ 2...: _ _ _ �---n_,.;. f ;» `"�.. ,,.., �; ,.�::,_: . :: ' .: Figure 2 _ ;;; , , ._ - ._ ��:; . ,,,: � � , � ��..��. Distribution of Funds From The Gaming Revenue Trust Fund � First, payments would be made for three specific purposes: • Up to 1 percent of the funds for administrative costs of the initiative. •$3 million annually for `responsible gambling' programs. • Supplemental payments to tribes that do not operate sbt machines or operate fewer than 350 machines. � Second, remaining funds would be distributed to local govemments throughout the state as follows: • 50 percent woufd be aqocated to counties to provide services for abused and foster care children. The amount allocated to a county would be based on the number of child abuse retercals. • 35 percent to local govemments (based on population) for additional sheriffs and police oificers. • 15 pereent to locat govemments (based on population) for additional firefighters. The measure also specifies that these funds could not replace funds already being used for the same purpose. . - •--•-,- Tc'� ��°1- -�T . . . . �, �. i � ..- �t.! �: !. � ^.i� 'as' ''� ' + � � � � _�_ _ -�� r��f��j\ i :.:� _.�.. .. � ::.� ^: , �,;'�� :.. �z: Page 4 of 6