tag:blogger.com,1999:blog-2496320234382251085.post2040966575070271411..comments2023-10-22T03:48:21.527-04:00Comments on More Humbly Did I teach: Slots and EducationTeach Baltimorehttp://www.blogger.com/profile/09663843979307304114noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2496320234382251085.post-54873378690240480762008-10-29T17:16:00.000-04:002008-10-29T17:16:00.000-04:00It took me a while to make up my mind, but ultimat...It took me a while to make up my mind, but ultimately I just don't believe that slots will lead to any more money going to education. $ is fungible, you can't track which dollar goes where. If our politicians don't believe that education is important enough to fund without slots, then they aren't really going to put any more money into education with slots. One could argue that at least with slots there is a bit more money coming into the state coffers, but with slots there will also be a need for more spending ... on homeless shelters, services for the children of compulsive gamblers, etc. I just don;t but it, and I'm voting no.<BR/><BR/>EricErichttps://www.blogger.com/profile/06314376712900733054noreply@blogger.comtag:blogger.com,1999:blog-2496320234382251085.post-252764207582387742008-10-27T22:21:00.000-04:002008-10-27T22:21:00.000-04:00It happened in Michigan and New York with the lott...It happened in Michigan and New York with the lottery, and there's no reason it won't happen in Maryland as well. <BR/><BR/>A while back, I got a chance to talk to Senator Verna Jones about this topic and expressed this fear. I'm not so sure my message really sank in. <BR/><BR/>I'm a definite NO on this issue.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2496320234382251085.post-31131781607636685342008-10-27T19:29:00.000-04:002008-10-27T19:29:00.000-04:00I am suspicious. Remember in MI when the proposed...I am suspicious. Remember in MI when the proposed lottery money was to go to schools. When it passed the money did go to schools, but the other funds that previously went to the schools no longer did.Zeek and Ihttps://www.blogger.com/profile/03895263630654366587noreply@blogger.comtag:blogger.com,1999:blog-2496320234382251085.post-78466852298392402272008-10-27T15:31:00.000-04:002008-10-27T15:31:00.000-04:00First, the language of the proposed law does not g...First, the language of the proposed law does not guarantee a single net new dollar for schools. The so-called Education Trust Fund must be spent on education, but the current General Fund allocation could be reduced dollar-for-dollar. Schools will very likely see no increase in funding at all.<BR/><BR/>But it gets worse. Much worse. With the tight credit markets it is unlikely that the casino operators will be able to borrow the funds needed to build these facilities. Lenders will look at the relatively high 67% tax rate and not see any way for these slots operators to stay solvent in this or any economy. <BR/><BR/>So the operators go back to the General Assembly with news: there will be no slots unless the tax on operators is reduced. Who gets cut so that that operators can get their money? The schools are the logical target. <BR/><BR/>Fast forward a few years. Schools still need more money, slots revenues to the schools have been reduced and never came anywhere near the targets. The teachers go to Annapolis for more and are told "We passed slots for you. And now you want even more?" <BR/><BR/>This is a lousy deal for Marylanders, and an even worse deal for schools. The MSTA should be ashamed.<BR/><BR/>If we believe in Thornton, we should fund it honestly.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2496320234382251085.post-45397482502795931582008-10-27T09:04:00.000-04:002008-10-27T09:04:00.000-04:00Ugh. Gambling. Maryland. Not a pretty picture.Ugh. Gambling. Maryland. Not a pretty picture.Anonymousnoreply@blogger.com