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But what they're not being told is what tax rate the new casinos in the northern part of the state would pay or how much new money would be available. Continue Reading Below On Tuesday, a state lawmaker proposed specific tax rates for the new gambling halls. Assemblyman Ralph Caputo told The Associated Press a casino at the Meadowlands Racetrack might be taxed at 35 to 40 percent while a costlier one in Jersey City could pay 15 to 20 percent. "We've lagged behind in terms of being transparent," said Caputo, a northern New Jersey Democrat and former casino worker. "There's no use kidding anybody about that. The tax rate needs to be established." The proposal came as pro- and anti-casino expansion forces are pouring millions of dollars into ads in the nation's most expensive media market to influence the outcome of the November referendum. Since authorizing the referendum in March, state lawmakers have insisted they'll work out the details of the plan, such as the locations of the casinos and their tax rates, in legislation that may or may not be done before voters cast their ballots on the proposal. Sen. Paul Sarlo, who has worked closely with fellow Democratic Senate President Steve Sweeney on the casino expansion plan, said he doesn't expect those decisions to be made before the referendum.

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