A bill to help pay for $100 million in improvements at the Indianapolis Motor Speedway passed the House on Mondaybut only on its second try, as some lawmakers expressed frustration about a funding source for the project. That fundingmoney now dedicated to the horse racing industry for purses and breeding programsis actually part of another bill. But several lawmakers viewed the pair as a package, despite insistence by the Speedway bills sponsor, Rep. Tim Brown, R-Crawfordsville, that lawmakers should consider the proposals separately. SB 91 also creates a new $1 tax on the tickets for major events at the Indianapolis Motor Speedway and captures new sales and income tax revenues generated there. Those revenue streams would be used to help pay off the bonds.(more at the Indianapolis Business Journal )(4-22-2013) News from April 21, 2013
