![]() And senators wanted to lower it further over time to 2.49% in 2030. The Senate’s version of the budget wanted to accelerate the ratcheting-down of the individual income tax rate so that it would reach 3.99% in 2025 and not 2027 as current law directs. But additional gambling revenues could recalibrate the level of cuts with which House members could feel comfortable. Saine insisted the fate of casino expansion isn’t holding up the state budget, but rather the speed at which Republicans lower taxes and what fiscal guardrails are in place while it’s carried out. And they both acknowledged a deal may not be finalized until August. That could include how many casinos would be permitted, whether construction would be contingent on local referendums and what the state’s financial cut would be.īerger and Saine confirmed this week that budget differences remain over the extent of a tax-reduction package and how to distribute reserves for items such as capital projects and economic development. Jason Saine of Lincoln County, a chief House budget-negotiator who also shepherded this year’s sports gambling legislation, said Wednesday he didn’t know how House colleagues would respond to the idea of additional casinos and video gambling because the Senate hadn’t yet provided a proposal.
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