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Michigan tracks push for slots24 August 2007MICHIGAN -- As reported by Crain's Detroit Business: "Michigan racetracks are reviving a quest to have slot machines, in a move that could provide Michigan with new revenue to help solve its budget problems. "The tracks are proposing a measure would allow them to have slot machines, tied to either a reduction in Michigan's income tax or a smaller income tax increase than lawmakers might otherwise enact as they debate budget solutions. "If approved by the Legislature, the 'racino' measure would go on the ballot for statewide voter approval. In addition, each community where the gambling expansion would take place would need to vote its approval..." |