Why Amendment 33 is a Great IdeaThese are a few reasons why amendment 33 is a great idea for the state of Colorado. This ballot proposal for 2003 will create 25 million dollars in benfits for tourism (the promotion of tourism is Colorado). Next, Colorado will get to keep 61% of the profits made from the video lottery terminals; currently other states casinos give them a 14 % return (Confused). Third, this amendment will create jobs for our slumping economy. Last of all, we will be able to offer something else that other states around us cant offer (Gambling).
When Amendment 33 passes in the state of Colorado, it will boost out slumping economy and help out Colorado. This amendment is a great way to generate money for Colorado. Money from this amendment will be spent in many different ways.
First, money will be used for open spaces and for local parks and recreations(40% of the total revenue from the video lottery program) (Analysis Proposals). Next, money will go to the States parks and National Parks in Colorado (10% of the total funds from the video lottery program) (Analysis). From there, tourism will receive no more then 25 million dollars a year from Amendment 33. Next, 48.7 million dollars from the program will to the GOCO for the 2002-03 budget year to help adjust annual inflation (Analysis).
Last, all the remaining funds will be used for the building of Public schools and for health and safety. With the money amendment 33 will make, there will be an increase in jobs in Colorado.Colorado is not in the best of shape right now and needs something to help it more create jobs. With amendment 33, jobs will be created. It is hard to find a decent job right now, and when amendment 33 passes, it will generate money and new jobs. With more money spend, people buy more from their local Merchants.
So the businesses get more money, they have more to spend so they buy more, everyone wins. The video lottery program is a great idea to help strengthen the Colorado economy. Tourism is the backbone for a states economy, last year Colorado had a 160 million dollars in state and local taxes paid by tourist (Confused). Tourism is one way that states make lots of money. With the help of Amendment 33, Colorado will have $25 million to promote the state. The goal is to bring out-of-staters to Colorado and have they spend their money here.
With enough folks visiting, the money that they spend will add up fast and help the economy. These People will spend money on food, gas. hotels, this creates jobs because theses places will have to hire local people to work theses jobs.
This amendment will provide 15 years of funding for Colorado (Colorado State Ballot Issues). There are a lot of critics that oppose the passing of Amendment 33. One of theses arguments is the naming of the slot machines; the machines will be called video lottery terminals. They are calling them this so that they can avoid certain state laws that require the local communities to vote for the legalizing gaming and will be able to expand on gaming in Colorado (Spradley).
Next, racetrack owners will receive more then twice the money tourism will get from this program. More so, there are facts that there will be an increase in compulsive gamblers. One of the biggest complaints is about the machines; they are not American made.
The slot machines are coming from a company in England, call Wimbley. The pros clearly out wight the cons for Amendment 33. On November 4th, 2003 the voters will decide wether or not the amendment will pass. With more pros then cons it should be an easy chose for voters to make. If Amendment 33 passes there will be a better Colorado for all of us to enjoy.
The economy will improve, there will be more jobs; and more money in the state. The revenue generated will be used to help better the state, and improve and build schools and maintain local and national parks. On Tuesday November 4th, 2003 remember to vote yes for amendment 33.