Two items on slots
With the elections less than three weeks away, the debate on Question #2 is heating up. That’s the slots question, i.e. amending the state’s constitution to legalize slot machine gambling in Maryland. The normally very conservative Washington Post editorial page has come out against legalizing slots (today, p. B06). And yes, I do mean the Washington Post’s editorial page which has been drifting (and surging) further right for the last ten years. Also, the Baltimore Sun wrote today that even if Maryland allows slots, it won’t be enough to close the budget gap, something proponents have said is a major reason to support their initiative.
To quote from the Sun’s piece
A year ago, state officials hailed the closing of the so-called structural budget deficit – a persistent gap between revenue and spending of as much as $1.7 billion – after Gov. Martin O’Malley and the General Assembly approved a package that included tax increases, budget cuts and the slots proposal that goes before voters this November.Estimates then showed that when slots revenue fully kicked in, the expected $600 million a year in new revenue would be enough to keep the budget balanced for the foreseeable future.
But in a matter of months, the structural deficit has returned, to the tune of more than $800 million annually for at least five more years, even if voters approve slots, according to projections from the nonpartisan Department of Legislative Services.