Representative to introduce bill allocating casino funds to higher education
POSTED: Tuesday, March 29, 2011 - 10:20am
UPDATED: Friday, October 14, 2011 - 8:55am
Baton Rouge, La (NBC33) —
In the upcoming regular session, Baton Rouge Representative Franklin Foil will introduce a bill to take money away from Pinnacle Entertainment Casino and move it to higher education in the capital area.
But it won't hurt the casino's bottom line. That's because it's already earmarked for state spending.
Foil says it's important to keep those dollars local, to save the higher education system, without raising taxes or passing costs along to students.
"The whole reason we were sold making gambling legal in this state was so it would go to education, so I think this is a great way to use some of this money to keep it within our local universities," stated Foil.
Representative Foil states if the bill passes, it will net about $5 million for higher education in the baton rouge metro area.
The money would go to LSU, Southern, Baton Rouge Community College and Pennington Biomedical Research Center.
The bill will be introduced during the regular session, which starts April 25.