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− | Those who proposed the Bristol casino argued that the state tax rate would be a major factor in their willingness to invest, and that the Joint Legislative Audit and Review Commission had miscalculate the economic benefits. The leader of the casino team suggested that a state tax rate of 9-12% rather than 27% might cause them to build a 600-room hotel rather than a 200-room project. The state report had focused on potential state tax revenue, but a full-scale casino/resort/hotel in Bristol might generate local taxes equal to 50% of the city’s current general fund budget.
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Latest revision as of 12:36, 20 February 2024
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