Indiana lawmakers have passed a two-year, $28 billion budget that
largely spares the horse racing and breeding industry, which was
targeted for major reductions in the amount of revenue it receives from
racetrack slot machines.
There had been budget language that would have slashed industry
funding by more than 50%, but a compromise resulted in total cuts of
about $3 million. Republican Gov. Mitch Daniels is expected to sign the
bill, according to published reports.
The Indiana Legislature ended its 2011 session April 29. Republican
Senate Appropriations Committee Chairman Luke Kenley was a key lawmaker
in the push to maintain racing and breeding’s share of slots revenue.
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