Some communities are considering opting out of the video gaming provisions that help fund the capital plan without understanding the impact it will have on the overall capital bill, the potential loss of local projects and lost jobs.
We need our local elected leaders to understand that jobs are at stake, local projects are at risk and we need to put Illinois Back to Work!
The $31 billion capital investment program which is needed to help Illinois’ economy recover and create over 439, 000 jobs, is at risk. There are four major revenue streams that fund the state capital bill:
- Liquor, wine and beer tax increases - $106 million*
- Removal of the sales tax exemption for candy, soft drinks and personal care products - $150 million*
- Private management of Illinois lottery, pilot online ticket sales - $150 million*
- Increases in license, registration and vehicle title fees - $331 million*
- Legalized video gaming - $375 million*
*Annual revenue generated
The tightly-controlled, state-regulated video gaming system will provide the single largest revenue stream for the capital plan - accounting for at least 30% of the total. Communities control 5% of video gaming tax revenues collected locally to be used for local priorities.
Click here to learn more about the Illinois Video Gaming Act and other important facts.