Patrick has proposed using half of the $400 million in annual proceeds to provide income tax credits of an average of $200 to nearly 1 million state residents whose local property tax bills are 2.5 percent or more of their annual income. The other half would be spent on improving roads and bridges.
But based on Patrick’s other plans for spending the casino revenues, the Massachusetts Taxpayers Foundation projects that only between $115 million and $133.8 million would be available for property tax relief — not $200 million.
Likewise, the foundation said, the $200 million that Patrick expects to be available for transportation improvements also would not fully materialize.
As the foundation notes, other states are not going to sit still and let Massachusetts reap all the ill-gotten gains for itself. You can be sure that Connecticut will do something to hold on to its regional monopoly. And New Hampshire is likely to react as well, as state Sen. Susan Tucker, D-Andover, warned at a recent MassINC forum.
At least casino visitors won’t get lung cancer. David Kibbe explains.
Disclosure: I’ll be the guest speaker at a fundraising event on Nov. 15 for Casinofacts.org, the leading anti-casino organization in Middleborough. The event will be held at the Fireside Grille, and will get under way at 6:30 p.m.