2012 Conference Executive Record Report.pdf - YMCA of Greater ...
2012 Conference Executive Record Report.pdf - YMCA of Greater ...
2012 Conference Executive Record Report.pdf - YMCA of Greater ...
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STATE OF NEW YORK<br />
<strong>YMCA</strong> YOUTH AND GOVERNMENT<br />
BILL NUMBER AL - 13<br />
INTRODUCED BY: Angela D’Angelo, Kelsey Barnett, Kwasi Enin, Matthew Carroll<br />
AN ACT<br />
TO: Amend Section 1612, by adding subsection 6 to the New York State tax law to increase and cap the percentage <strong>of</strong><br />
money from the New York State lottery dedicated to education.<br />
The People <strong>of</strong> the State <strong>of</strong> New York, represented in the<br />
Senate and Assembly do enact as follows:<br />
Purpose<br />
The purpose <strong>of</strong> this bill is to increase and cap the amount <strong>of</strong> money given to New York State education out <strong>of</strong> the New<br />
York State lottery funds. The lottery originally started out as taxes going towards community construction and aid. It was<br />
made governmental by New York State so the majority <strong>of</strong> lottery funding could go into education.<br />
Summary <strong>of</strong> Provisions<br />
Section 1: Definitions<br />
Administrative costs: An expense incurred in controlling and directing and directing an organization, but not directly<br />
identifiable with financing, marketing, or production operations. Administrative costs are related to the organization as a<br />
whole as opposed to expenses related to individual departments.<br />
Constitutional: Of or pertaining to the constitution <strong>of</strong> a state, organization, etc.<br />
Section 2:<br />
f. As consideration for the operation <strong>of</strong> the video lottery gaming facility at Aqueduct racetrack, the division shall<br />
cause the investment in the racing industry <strong>of</strong> the following percentages <strong>of</strong> the vendor fee to be deposited or paid, as<br />
follows:<br />
1. Six and one-half percent <strong>of</strong> the total wagered after payout <strong>of</strong> prizes for the first year <strong>of</strong> operation <strong>of</strong> video<br />
lottery gaming at Aqueduct racetrack, seven percent <strong>of</strong> the total wagered after payout <strong>of</strong> prizes for the second year <strong>of</strong><br />
operation, and seven and one-half percent <strong>of</strong> the total wagered after payout <strong>of</strong> prizes for the third year <strong>of</strong> operation<br />
and thereafter, for the purpose <strong>of</strong> enhancing purses at Aqueduct racetrack, Belmont Park racetrack and Saratoga race<br />
course.<br />
2. One percent <strong>of</strong> the total wagered after payout <strong>of</strong> prizes for the first year <strong>of</strong> operation <strong>of</strong> video lottery gaming at<br />
Aqueduct racetrack, one and one-quarter percent <strong>of</strong> the total wagered after payout <strong>of</strong> prizes for the second year <strong>of</strong><br />
operation, and one and one-half percent <strong>of</strong> the total wagered after payout <strong>of</strong> prizes for the third year <strong>of</strong> operation and<br />
thereafter, for an appropriate breeding fund for the manner <strong>of</strong> racing conducted at Aqueduct racetrack, Belmont Park<br />
racetrack and Saratoga race course.<br />
3. Four percent <strong>of</strong> the total revenue wagered after payout <strong>of</strong> prizes to be deposited into an account <strong>of</strong> the franchised<br />
corporation established pursuant to section two hundred six <strong>of</strong> the racing, pari-mutuel wagering and breeding law to be<br />
used for capital expenditures in maintaining and upgrading Aqueduct racetrack, Belmont Park racetrack and Saratoga<br />
race course.<br />
4. Three percent <strong>of</strong> the total revenue wagered after payout for prizes to be deposited into an account <strong>of</strong> the<br />
franchised corporation established pursuant to section two hundred six <strong>of</strong> the racing, pari-mutuel wagering and<br />
breeding law to be used for general thoroughbred racing operations at Aqueduct racetrack, Belmont Park<br />
racetrack and Saratoga race course<br />
5. Paragraphs one, two, three and four <strong>of</strong> this subdivision shall be known collectively as the "racing support<br />
payments".<br />
g. In the event the state elects to construct a video lottery terminal facility at the Aqueduct racetrack, all video lottery<br />
terminal revenues payable to the video lottery gaming operator at the Aqueduct racetrack remaining after payment <strong>of</strong><br />
the racing support payments shall first be used to repay the state's advances for (i) confirmation <strong>of</strong> the chapter eleven<br />
plan <strong>of</strong> reorganization and cash advances for the franchised corporation's operations following confirmation <strong>of</strong> the<br />
chapter eleven plan <strong>of</strong> reorganization and (ii) the amount expended by the state to construct such video lottery<br />
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terminal facility at Aqueduct racetrack pursuant to an agreement with the state. Subparagraphs (i) and (ii) <strong>of</strong> this<br />
paragraph shall be defined as the state advance amount and the<br />
amounts payable to the division <strong>of</strong> the lottery.<br />
6. The prize money for all lottery drawings shall be reduced from 51% to 40%, and Administrative costs are to be reduced<br />
from 3% to 2%. Education aid will be increased from 38% to 50% from all drawings. This will capped and mandated.<br />
Justification<br />
The lottery proceedings go by prize money (51%), aid to education (38%), retailer commissions (6%), contractor fees<br />
(2%) and administrative costs (3%). Today, more money is going to the government out <strong>of</strong> lottery than promised to go<br />
into education and the percentage <strong>of</strong> the money that was to go to education has decreased over time. As originally<br />
promised when the lottery was made governmental, the education percentage will be the highest coming out <strong>of</strong> lottery<br />
fund drawings and this bill will put into effect the original intentional and ensure that it remains that way.<br />
Fiscal Implications<br />
All funding comes directly out <strong>of</strong> the New York State lottery.<br />
Effective Date<br />
This bill will go into effect one year upon its passage.