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Economy

Legislators say they’ll stay out of casino licensing decision

by O. Kay Henderson on March 4, 2010

in Business & Economy, Economy, Legislature, Politics & Government, Recreation & Entertainment

Legislative leaders from both political parties say they’re staying out of the fray when it comes to deciding whether four communities should be allowed to host new, state-licensed casinos. 

Governor Chet Culver said this morning that the Racing and Gaming Commission should award new casino licenses to Fort Dodge, Ottumwa, Tama and Larchwood in far northwest Iowa.  Senate Democratic Leader Mike Gronstal of Council Bluffs isn’t following suit.

“I have always felt the need for the legislature to stay out of direct discussions.  Let the Racing and Gaming Commission do this,” Gronstal said late this morning.  “If we get to the place where the legislature’s going to decide how many and where the licenses are going to be, I think that’s a very messy place.” 

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Tagged as: Chet Culver, Democratic Party, Gambling, Republican Party

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Culver calls for new casino licenses for Fort Dodge, Ottumwa, Tama, Larchwood

by O. Kay Henderson 03/4/10 10:02 AM

Governor Chet Culver has sent state gambling regulators a letter, urging the five-member panel to approve new casinos for four Iowa counties.   “Iowa citizens have gone to the ballot box and voted in favor of additional gaming in four additional counties — Lyon, Webster, Tama and Wapello,” Culver says.
“During the past years I have talked [...]

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State tax collections down 6.5 percent

by O. Kay Henderson 03/1/10 12:22 PM

State tax receipts are down about 6.5 percent for the first eight months of the state fiscal year. 
A Legislative Services Agency report shows personal income tax withholding payments to the state were down more than 7 percent in February compared to the same month a year ago.  And sales taxes were off nearly 10 percent.  Jeff Robinson, [...]

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Narcisse formally kicks off campaign

by O. Kay Henderson 02/27/10 11:52 AM

A former Des Moines School Board member who publishes weekly newspapers announced this morning that he intends to challenge Governor Chet Culver in this June’s primary election. 
Jonathan Narcisse, a Democrat from Des Moines, supported Culver in 2006. “After he got elected, he didn’t follow through,” Narcisse says, “and I will never say a bad thing about this person, [...]

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Braley backs tax on some Wall Street bonuses

by O. Kay Henderson 02/4/10 1:00 AM

Congressman Bruce Braley says it’s time to tax some of the bonuses employees are getting at the companies involved in the Wall Street bailout.
AIG — the American International Group – got $170 billion from U.S. taxpayers to stay afloat.  This week AIG executives announced employees in the company’s financial products division would be getting $100 million worth [...]

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Controversial tax proposal resurfaces at statehouse

by O. Kay Henderson 02/4/10 1:00 AM

A controversial tax proposal has resurfaced at the statehouse, a proposal business groups staunchly oppose. Supporters say closing what they call a “loophole” in Iowa’s corporate tax system could yield as much as $100 million more in taxes for the state.
 The legislation is aimed at so-called “big box stores” like Target and Walmart and it [...]

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University of Dubuque explores aquiring closed Alaska college

by Pat Curtis 02/3/10 11:43 AM

Most colleges in Iowa are coping with the economic recession by cutting programs and faculty, but an institution in northeast Iowa is considering the addition of a campus 2,000 miles away. Leaders of the University of Dubuque are looking at the possibility of acquiring the campus of Sheldon Jackson College located in Sitka, Alaska.
University of [...]

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