Report: Casino expansion would cost schools millions

October 4, 2011 5:33:53 AM PDT
A provision added to the casino expansion bill requested by Mayor Rahm Emanuel would reportedly end up costing Illinois schools millions of dollars.

The provision calls for a lower tax rate for the highest grossing casinos. According to the Chicago Sun-Times, state revenue officials estimate the provision would costs schools more than $100 million over a two-year period.

The report says the mayor called for the provision to help recoup the costs of building a Chicago casino.

Gov. Pat Quinn, who has not said if he would sign the bill, has raised issues with the scope of gambling expansion.