AUSTIN – Let Texans Decide announced today the finding of a previously untapped pot of money to quickly address the Governor’s special session transportation funding request. LTD Chairman and former state senator John Montford pointed out the economic boon awaiting Texas if Texans are given the opportunity to vote on whether to keep gaming dollars in Texas.
“Ironically, about $4.5 billion a year leaves Texas via the very roads the legislature is looking to pay for,” said Senator Montford. “If the Legislature put the choice to voters we could pay for these roads, create tens of thousands of jobs and spur economic growth almost overnight.”
Recent polls show that around 80% of voters want the right to vote on expanded gambling. Over the regular session the issue saw unprecedented collaboration between stakeholders and legislators.
Let Texans Decide urges the Texas legislature to consider gaming as a long term funding solution that won’t raise taxes or fees and will recapture more than $4 billion that Texans are spending at gaming facilities in our neighbor states each year. It has the potential to bring $1 billion a year in new revenue for the state without a tax increase.
“We are literally giving money away to our neighbors while we wring our hands here at home about rainy days and how to pay for roads and other infrastructure needs,” said Montford. “We give millions in tax incentives for endeavors that produce far fewer jobs. Under any number of different gaming proposals, we could create billions in economic development, bring in tens of thousands of jobs, and help meet Texas transportation and many other needs.”
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