Jan. 27, 2011 - Iowa's casino taxes would increase at least 50 percent to give tax cuts to corporations with annual profits exceeding $25 million under Gov. Terry Branstad's proposed budget.

Casino interests immediately expressed alarm, as did a supervisor in Polk County, which owns the Prairie Meadows Racetrack and Casino property and benefits from lease payments.

"Somebody is going to get less. It's either Prairie Meadows or Polk County," said Supervisor Angela Connolly.

Polk County uses money from Prairie Meadows to meet a $14 million annual debt payment on the Iowa Events Center while continuing to allocate $2 million for Des Moines road improvements and millions more to charitable groups that focus on such issues as homelessness and domestic abuse.

Read more at: Des Moines Register