(TRENTON) — Assembly Tourism, Gaming and the Arts Committee Chairman Ralph R. Caputo (D-Essex) had the following published recently in The Daily Journal:
“I’ve approached this with compromise in mind. The Assembly first proposed three casinos when I introduced a bill in early June, but now it proposes two. The Assembly first proposed sending 35 percent of the new casino tax revenues to Atlantic City for 15 years, but it now proposes 50 percent of the first $300 million in new money, then 35 percent of the rest, with some of that money also sent to the horse industry. The first Assembly bill didn’t provide for municipalities and counties that host new casinos, but now it would send them 4 percent of new revenue.
“A compromise, by definition, cannot be one person moving to the middle. All sides must budge…”
To read the rest of Assemblyman Caputo’s op-ed, click here.