Published:
June 11, 2010 04:41 pm EDT
Ohio Governor Ted Strickland has signed a bill that establishes rules for four expected casinos in the state, but he did so with strong reservations.
The governor is unhappy over a provision that allows state income tax deductions for gambling losses. He predicts that measure, which will include betting on horse racing, will reduce state budget money by $60 million to $80 million every two years, starting in 2014.
Strickland calls the provision “fiscally irresponsible,” saying it is the first time income tax laws have been used to subsidize gambling losses.
He lacks power to line veto it, but will oppose it.
(Harness Tracks of America)
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