Laserfiche WebLink
09/13/04 <br />ORIGINAL <br />RESOLUTION NO. 14607 <br />RESOLUTION OPPOSING PROPOSITION 68, THE <br />GAMING REVENUE ACT OF 2004 ON THE NOVEMBER 2, <br />2004 STATE -WIDE BALLOT <br />WHEREAS, horseracing and card club interests in the State have drafted and <br />qualified an initiative measure known as the Gaming Revenue Act of 2004 (GRA), which <br />will be put before the voters on the November 2, 2004 State -wide ballot; and <br />WHEREAS, if adopted, the GRA will require the Governor to renegotiate dozens <br />of existing gaming compacts entered into between the State of California and various <br />Indian tribes on terms theses tribes will likely find to be highly objectionable; and <br />WHEREAS, the GRA provides that unless all of these many gaming compacts <br />have been successfully renegotiated within 90 days of the passage of the GRA, the <br />owners of the horseracing tracks and card clubs sponsoring the GRA will be allowed to <br />operate 30,000 slot machines at their facilities in six counties State -wide, including at <br />the Bay Meadows Race Track site in San Mateo; and <br />WHEREAS, Bay Meadows would be authorized to operate as many as 3,800 slot <br />machines if the GRA is adopted and the Indian gaming compacts are not successfully <br />renegotiated; and <br />WHEREAS, while potentially providing a certain amount of local revenue, the <br />significant social, economic, and quality of life costs will outweigh any expected benefits <br />of this proposition; and <br />WHEREAS, the social and economic costs associated with gambling, as <br />documented in national studies in 1999 and 2001, range from business and <br />Atty /Reso /Reso.1488 14607 <br />090104 1 Muff # 214 <br />