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From YouTube: Pari-Mutuel Wagering Taxation Task Force (10/4/21)
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A
A
Very
well,
we
do
have
a
quorum
and
are
fully
constituted
to
do
business.
I
would
like
to
thank
the
members,
both
in
person
and
remotely
for
their
attendance
today,
as
well
as
other
members
of
the
general
assembly
who
are
here
out
of
their
interest
in
the
topic.
Senator
john
chickal
is
here
representative
dan
fister
is
here.
Thank
you,
gentlemen,
for
joining
us
this
afternoon.
We're
glad
you're
here
next
item
on
the
agenda
is
the
approval
of
the
minutes
from
the
september
13th
2021
meeting.
A
A
So
I
had
a
last
minute
addition
to
the
agenda
on
what
sounds
to
be
very
exciting:
taxation
elasticity.
A
Sounds
like
somebody's
buying,
a
new
pair
of
pants
or
something
after
a
thanksgiving
meal,
but
I
think
members
who
pay
attention
to
economics
will
find
the
theory
that
is
going
to
be
espoused
today
by
dr
lambert
to
be
pretty
similar
to
economic
models
that
that
people
have
read
about
in
the
past.
A
Basically
says
that
just
because
you
raise
taxes
on
something
doesn't
mean
you're
going
to
get
more
money
from
it
into
the
budget.
And
so
I
would
like
to
hear
this
report
and
for
you
all
to
hear
this
report
as
it
applies
to
the
tax
rate
on
paramutual
wagering.
So
if
dr
tom
lambert
would
please
come
forward.
A
I'm
familiar
with
that
concept.
If
you
could,
please
turn
your
microphone
on,
so
that
the
green
light
is
displayed
and
officially
introduce
yourself
for
the
record.
E
Thanks
and
thanks
for
having
me
here
today,
my
name
is
tom:
lambert,
I'm
with
the
equine
administration
and
economics
departments
at
the
university
of
louisville.
I
teach
equine
economics.
I've
also
taught
a
lot
of
micro
and
macro
economics
for
the
university
of
louisville,
as
well
as
a
lot
of
introduction
to
statistics
courses
so
sean
our
the
director
of
our
program.
Sean
byrne,
has
asked
me
to
put
together
a
little
presentation
about
elasticity,
so
I
hope
I
hope
it
is
helpful
for
the
committee
and
for
everyone
here
today.
A
Very
well,
thank
you,
dr
lambert.
Members.
Do
all
members
have
the
updated?
You
should
have
in
your
packets,
a
uofl
document
entitled
hhr
taxation
issues.
A
A
E
E
There
are
very
few
substitutes
for
that
item
like
gasoline.
Basically,
the
only
thing
that
will
make
your
car
run
unless
you
have
a
hybrid
model
or
electric
car,
but
for
most
people,
if
the
tax
on
on
gasoline
is
increased,
usually
the
state
gets
more
money
on
other
things.
However,
it's
it's,
it
doesn't
work
that
way
you
can
increase.
Taxes,
for
example,
gambling
is,
is,
is
one
thing
we
we've
noticed
from
the
research
where
you
can
increase
taxes,
but
you
don't
get
a
proportional
increase.
E
In
fact,
you
get
a
you,
get
a
decrease
and
lots
of
literature
on
this.
Dr
talheimer,
who
was
at
the
university
of
louisville
years
ago,
and
dr
ali,
who
was
at
the
university
of
kentucky,
did
some
research
on
how,
as
gambling
gain
gains
more
competition
in
a
given
region,
area,
cincinnati
louisville.
Or
what
have
you?
E
If
you
try
to
increase
taxes,
say
one
percent,
you
may
only
get
well,
you
usually
get
a
less
than
one
percent
increase
in
the
revenues
from
the
taxation.
It's
not
like
taxing
gasoline
or
anything
like
that.
The
price
elasticity
of
demand,
as
we
like
to
say,
is
fairly
elastic
so
that
the
increase
you
get
in
tax
revenues
is
is
not
proportional
to
the
tax
rate
increase.
E
So
the
the
problem,
I
guess
with
with
gambling.
If
you
want
to
look
at
it
that
way
or
just
in
general,
maybe
you
don't
want
to
look
at
it
as
look
at
it.
A
Pull
that
thing
right
up
there.
G
As
close
as
you
can
get
sure
and
how's,
this.
B
E
That's
much
better!
Thank
you.
Okay,
great.
I
hope
everyone
can
hear
me
now,
as
I
was
saying
some
taxes
as
you
you,
you
increase
them,
say,
for
instance,
gasoline
the
amount
of
revenue
will
actually
go
up
greater
than
in
proportion
to
the
tax
rate
increase
other
items
like
gambling
that
that's
usually
not
not
the
case,
almost
always
not
the
case.
E
So
as
you
look
at
the
literature
and
as
I
was
saying
earlier,
doctors,
tall
hammer
and
tall
heimer
and
ali
did
quite
a
few
quite
a
few
articles
on
this,
the
more
competition,
the
more
substitutes
there
are
among
different
forms
of
gambling.
E
The
the
price
elasticity
of
demand,
as
I
was
saying
earlier
for
gambling,
is
fairly
elastic
so
that,
if
you
increase
taxes,
perhaps
10
percent
you'll
get
gains
in
revenues,
but
but
they're
not
proportional
to
the
increase.
In
the
tax
rate-
and
I'm
sure
someone
has
said
this
already-
that
if
it's
a
tax
on
gross
revenues,
when
it
comes
to
gambling,
you
got
the
the
establishments
paying
out
90
95
percent
of
the
gross
revenues
to
the
patrons.
So
actually
the
the
effective
tax
rate
is
not
really
one
and
a
half
percent.
E
E
So
and
now
we
are
at
a,
we
are
we're
in
a
much
more
competitive
environment
than
when
tallheimer
ali,
and
some
of
these
other
folks
who
were
doing
the
research
10
20
years
ago,
were
giving
estimates
of
elasticity
regarding
horse
racing
gambling.
Historical
horse
racing
was
not
even
around
then
anecdotally.
I've
seen
where
the
casino
next
to
louisville
and
southern
indiana,
their
oh
winnings
handle,
has
gone
down
ever
since
derby
city
gaming
opened
and
if
similar
to
other
regions
of
the
country.
If
you
lose
patrons
at
one
establishment,
they
go
elsewhere.
E
There's
a
there
was
a
case
study,
good
case
study
done
years
ago,
where
I
can't
remember
which
one
came,
second,
which
one
was
first,
but
as
the
taxes
were
increased
on
illinois
casinos,
some
years
back
of
the
casino
patrons
in
east,
st
louis
basically
left
and
went
across
the
river
to
st
louis
missouri
to
do
more
more
gambling,
and
so
that
again
is
another
illustration
of
how
lit
elastic
the
demand
is
for
at
least
regarding
casino
gambling,
and
it's
pretty
much
across
all
forms
of
of
gambling
is
according
to
the
research
and
again,
you've
got
many
substitutes,
and
now,
with
the
sports
gambling
in
southern
in
or
in
indiana,
we've
got
a
lot
of
folks.
E
A
E
Yes,
so,
as
this
next
slide
points
out
you,
you
won't
necessarily
get
a
proportional
increase
in
in
revenues
if
you
do
raise
the
hhr
tax
or
instant
wagering
tax.
Whatever
way
you
want
to
put
it
here
are
some
different
forecasts
using
different
measurements
of
elasticity.
E
I
mean
compared
to
a
one
for
one
increase
and
then
I've
got
different
scenarios.
If
the
elasticity
is
an
elasticity
of
two
five
or
ten,
given
the
the
competitive
aspects
of
the
gambling
of
gambling,
now,
I
would
have
to
say
it
probably
tends
towards
a
higher
elasticity
than
what
we've
seen,
particularly
when
it
comes
to
these
regional
markets
that,
where
you've
got
border
effects,
folks
being
able
to
go
back
and
forth
between
cincinnati
and
northern
kentucky
or
louisville
and
southern
indiana,
those
were
the
total
yeah.
E
Again,
it
won't
be
a
one
for
one
match,
so
you'll
you'll
you'll
have
some
slippage,
as
opposed
to,
if
you
had
unitary
elasticity,
where
for
every
percentage
increase
you
had
in
the
tax
rate,
you
get
an
equivalent
percent
increase
in
the
in
the
tax
revenue,
but
that
gambling
that
that's
not
pretty
much,
not
the
case
and
then
one
final
thought
I
had
in
looking
at
the
trends
in
hhr
going
back
to
2016
as
you
get
more
and
more
machines
added
you're
you're
already
gaining
some
revenue.
E
If
you
look
at
the
statistical
trend,
you
know
that
number
of
machines
would
earn
about.
As
this
says,
286
million
dollars
more
per
month
or
3.4
billion
per
year
and
should
increase
stay
state
tax
revenues
by
approximately
51
million
dollars
per
year.
That's
without
increasing
the
tax
rate.
That's
just
growth!
That's
kind
of
a
supply
side!
E
Point
of
view,
I
guess,
but
I
mean
if
they
add
and
that's
holding
all
else
constant
now,
if
in
ohio
and
indiana,
if
their
casinos
start
increasing
the
payouts,
just
to
try
to
avoid
more
hemorrhaging
of
of
gross
revenues
than
that
could
change.
But
I
mean
all
else
held
constant.
A
And
and
and
dr
lambert,
that
this
is
a
conservative
estimate,
because
we
we
know
since
last
week
that
churchill
downs
is
planning
a
downtown
historical
horse
racing
facility
right.
We
know
that
ellis
park
is
considering
a
track.
Extension
in
owensboro
kentucky
downs
is
considering
a
track
extension
in
bowling,
green
or
environs,
and
we
also
know
there's
a
new
track.
That's
going
to
be
built
in
corbin
that
will
have
the
machines
and
then
a
track
extension
in
williamsburg.
So
it's
probably
somewhere
north
of
2000
machines.
A
A
Every
one
of
these
places
opens
up,
creates
new
jobs.
Those
people
are
paying
taxes,
they're
consuming
goods
that
they're
paying
taxes
on
very
good,
and
then
I
think
the
the
the
two
takeaways
are,
of
course,
that
with
growth,
we're
going
to
get
more
revenue-
and
the
other
point
you
made
near
the
beginning
that
and
I'd
like
you
to
restate
it
for
us
about
increasing
the
rate,
doesn't
mean
you're
going
to
get
more
revenue.
I
like
the
way
you
said
it
in
a
more
academically
perfunctory
fashion.
E
E
If
you
look
at
the
calculations,
that's
taught
in
the
microeconomics
textbooks
so
that
you
know
if
you
increase
the
tax
rate,
a
certain
percentage,
the
falloff
in
the
quantity
demanded
for
the
service,
the
product
or
what
have
you
is
greater
in
proportion
to
the
tax
increase.
So
you
actually
won't
gain
as
much
revenue,
as
you
think
think,
and
if
there
comes
a
certain
tipping
point
as
well,
where
you
could
actually
lose
revenue
in
certain
cases.
E
I
think
when
you
look
at
the
the
the
trend
growth
of
in
that
case,
in
that
case,
it
would
be
accurate,
yeah
everything
else
held
constant
now.
As
I
said,
if
the
casinos
in
ohio
and
indiana
decide
to
suffer,
some
losses
lay
off
some
people
and
start
increasing
their
payout.
Then,
even
if
you
don't
change
the
tax
rate
on
the
other
side
of
the
river,
you
could
have
some
gamblers
drifting
back
over
across
the
river
from
kentucky,
but
everything
else
held
constant.
You.
A
Should
have
the
growth
or
or
if,
if,
if
the
earth
shook
and
the
sun,
the
moon
and
the
stars
aligned
in
tennessee
for
some
reason
decided
to
do
and
by
the
way,
mr
chairman,
what
does
tennessee
have
that
we
don't
have
sports
wagering
online
sports,
wagering
yeah,
so
it's
not
beyond
the
realm
of
possibility
that
the
competitive
market
to
the
southern
border
could
could
continue
to
in
evolve.
They
believe
in
freedom
in
tennessee.
Is
that
what
you're
saying
mr
chairman
anytime,
you
can
use
tennessee
in
this
building
to
try
to
make
your
point.
A
F
All
right
thanks
first
off
enjoyed
the
paper,
that's
good,
really
quickly
and-
and
I
couldn't
really
see
the
charts
that
were
on
today,
but
so
what
is
the
elasticity
of
hhr
in
kentucky?
Currently,
what
do
you
say?
It
is.
E
Well,
there
hasn't
been
any
tax
changes
so
far
since
it
was
since
hhr
came
about,
so
it
would
be
hard
to
measure,
given
that
there
have
been
no
changes
since
it
it
first
came,
came
about
to
say
if
you
increase
the
tax
or
decrease
the
tax,
what
would
be
the
proportional
change
in
revenues?
You
don't
have
that.
E
No,
I
mean,
if
you
look
at
other
forms
of
gambling
and
prior
research,
I
mean
if
you
look
at
casino
competition
or
racetrack
camp
competition
across
borders,
cincinnati
versus
northern
kentucky,
louisville
versus
southern
indiana
or
the
example.
I
gave
the
just
a
few
minutes
ago,
east
st
louis
versus
st
louis.
When
taxes
go
up.
Typically,
the
establishments
decrease
their
payout
and
the
a
lot
of
patrons
tend
to
drift
across
to
the
other.
To
the
other
side,.
F
E
That
was
based
upon
race
tracks
in
cincinnati
versus
northern
kentucky.
F
F
Okay,
help
me
understand,
let's
say
against
all
odds:
there
was
some
kind
of
increase
in
tax
in
the
hhr
industry.
Okay,
now
I
understand
that
you've
got
money
in
you've
got
less
payouts,
which
we've
heard
heard
presenters
speak
to
that.
How
exactly
would
the
tax
be
passed
on
to
the
players
as
opposed
to
the
industry
itself?.
E
Well,
according
to
the
the
the
evidence
on
the
race
with
the
racetracks,
it
can
and
that's
paramutual
wagering-
I
mean
with
paramutual
wagering.
I
know
you're
gambling
against
other
folks
who
are
participating,
whether
it's
betting
on
that
race
or
what
have
you
or
you're
talking
about
historical
horse
racing.
E
F
E
Well,
as
far
as
I
know,
a
lot
of
that
depends
upon,
I
mean
the
the
odds
and
you
know
how
good
of
a
day
that
certain
patrons
are
having,
but
it's
okay.
This.
D
Thank
you
very
much,
I
think
earlier
in
our
our
first
meeting,
we
had
a
discussion
about
what
the
effective
or
not
the
effect
of
take
apart,
but
what
they
take
out
of
that
and-
and
I
believe
it
was
eight
something
percent-
almost
nine
percent-
we
for
all
pair
mutual
wagering-
I
don't
know
if
it's
in
reg
or
in
statute,
but
we
max
out
the
amount
that
you
are
allowed
to
take
out
it
and
a
typical
takeout
across
all
bets
for
live
is
20.
So
we
max
it
out
it's
up
to
the
track.
D
They
can
decide
what
they
take
out
on
any
wager,
either
live
or
historical,
and
typically
the
historical
is
well
below
the
live.
So
they're
able
to
you
know
they
would
be
able
to
increase
that
for
the
historical
to
make
up
for
whatever
percentage
they
felt
they
wanted
to,
and
they
could
increase
it.
Even
if
we
didn't
change
the.
F
D
F
Okay,
that's
that's
extraordinarily
helpful.
I
appreciate
that,
so
I
just
want
to
make
sure
that
I
understand
that
that
the
payout
back
on
the
parent
mutual
participant
is
a
payout
that
is
determined
artificially
not
organically
through
the
parent
paramutual
process
itself.
It's
through
the,
in
essence,
the
house
or
the
the
person
providing
is
that
right.
A
F
Yeah,
perfect,
that's
great!
I
appreciate
it
thank
each
of
you
elasticity.
Have
you
looked
at
elasticity
on
any
other
portion
of
the
industry,
such
as
the
take
out
if
they
increased
or
decreased?
Would
that
help
or
hurt
the
industry
or
whether
the
I
think
it
was
referred
to
as
a
play
previously
kind
of
a
marketing
issue?
If
that
increased
or
decreased?
Have
you
looked
at
elasticity
on
any
of
those
other
portions
of
hhr.
A
A
F
E
Well,
first
machine
really
wasn't
invented
until
the
late
90s
and
it
took
a
while
to
catch
on
and
it
hasn't
been.
I
mean
around
that
long
in
kentucky,
so
the
profitability
again
once
you
factor
in
those
payouts,
as
well
as
the
tax
taxes
that
have
to
be
paid
as
well
as
payroll
and
other
expenses
I'd
say,
is
probably
competitive
with
other
forms
of
of
the
gambling
industry.
Pretty
much
I
mean
it
also
fluctuates
quite
a
bit
upon
how
the
economy
in
general
is
doing
disposable,
personal
income.
E
F
A
Yes,
sir,
and
if
I
could
also
help
with
that
churchill,
downs
is
a
publicly
traded
company,
and
so
you
can
check
those
profit
numbers
that
are
reported
quarterly.
I'm
sure
it's
online
are
available
through
the
tracks
representatives.
A
Also
one
thing
we
have
to
remember
in
order
for
an
operator
in
kentucky
to
operate
historical
horse
racing
machines,
it
is
required
by
law
that
they
operate
a
race
track,
and
I
can
tell
you,
having
worked
at
racetracks
in
my
previous
life
20
years
at
various
tracks
in
various
states,
there
is
a
very
high
fixed
cost
of
brick
and
mortar
labor
liability,
insurance,
payroll
benefits,
etc
to
operating
a
race
track,
and
it
doesn't
matter
whether
you
you've
got
a
short
race
meet
or
a
long
race
meet
or
bifurcated
race
meets
throughout
the
year.
A
E
H
H
Something
really
wasn't
talked
about.
A
whole
lot
is
direct
competition
and
in
that
particular
industry
it
is
especially
I'm
from
louisville
as
well
and
and
with
derby
city
and
churchill
downs.
You.
You
mentioned
it
in
your
presentation
how
we've
kind
of
took
a
little
bite
out
of
the
casino
revenue
in
southern
indiana
right
when
derby
city
came
on.
That
is
absolutely
true,
and
so
thank
you.
H
Churchill,
downs
inc
for
bringing
some
of
our
discretionary
spending
dollars
in
louisville,
back
to
louisville
and
back
to
kentucky
and
and
and
we're
going
to
maybe
take
another
little
bite
out
of
that
by
putting
derby
city
downtown,
and
we
were
still
fighting
a
little
bit
with
competitive
factors,
because
they,
it
would
be
nice
to
put
a
sports
book
in
that
facility
because
it
would
go
in
very
well
and
these
facilities.
Also,
these
casino
facilities
also
use
table
games.
H
That
sort
of
thing
to
mainly
draw
patrons
in
because
revenue
margins
in
these
casinos
are
profit
margins
are
higher
in
the
machine
gaming
industry.
So
I
just
wanted
to
put
that
out
there
than
the
table
games,
but
it
would
be
nice
to
to
allow
more
competitive
factors
in
this
state,
so
we
can
keep
more
of
our
revenues
discretionary
spending,
that's
leaving
this
state
currently
in
the
south
in
tennessee,
now
indiana
for
decades.
So
if
we
anything,
we
can
do
in
that.
H
A
Thanks
representative
gentry,
I
agree
with
everything
you
said,
and
we
have
to
remember
that
if
we
think
that
the
operators
in
indiana
are
going
to
just
sit
idly
by
while
we
on
this
side
of
the
river
take
some
of
their
market
share,
I
mean
that's.
That's
naive.
I
mean
caesars
is
the
country's
largest
gaming
operator
and
they
have
a
very
large
footprint
in
indiana
and,
and
they
have
a
couple
of
product
lines
that
we
don't
they
have
table
games.
A
They
have
sports
wagering
so
that
you
know
they'll
they'll
be
very
creative
and
I
guarantee
you
after
the
announcement
made
last
week
about
the
downtown
derby
city
facility,
the
caesars,
which
is
now
based
in
reno.
I
guarantee
you
the
folks
out
there
are
are
meeting
probably
right
now,
trying
to
figure
out
how
to
to
make
their
facilities
indiana
more
competitive
with
ours
and
they're,
probably
paying
attention
to
what
what
we're
saying
in
this
task
force
all
right.
Any
other
questions
before
we
move
on
any
other
questions
for
dr
lambert.
E
Me,
please
have
him
contact
me,
I
can,
I
guess
my
information
is,
is
around
so
email
or.
F
A
A
We're
going
to
pivot
to
the
second
part
of
the
agenda
and
while
the
the
first
item
on
the
agenda
was
100
percent
germaine
to
the
original
purpose
of
this
task
force.
The
second
part
of
the
agenda
is
less
germane,
but
still
tangentially
heavily
related.
Because
for
all
of
all
of
you
have
been
paying
attention.
A
That
would
like
for
consideration
by
the
general
assembly
and
the
chairman,
and
I
thought
now
was
a
good
time
since
we're
looking
at
it
holistically
to
go
ahead
and
look
at
in
particular,
two
post-secondary
education
institutions
not
receiving
funding
from
the
paramutual
tax
and
then
one
that
currently
is
and
to
see.
If
there's
anything,
we
can
do
to
help
those
who
are
not
while
protecting
that
one.
A
B
Other
side,
if
you
could
nancy
cox,
dean
of
the
university
of
kentucky
college
of
agriculture,
food
and
environment,
and
it
is
certainly
our
pleasure
to
be
here
today-
I've
been
at
university
of
kentucky
about
20
years,
and
so
I
have
seen
the
growth
of
our
equine
program
from
when
it
started.
Until
today,
dean
scott
smith
was
my
predecessor,
I
was
his
associate
dean
and
I
worked
on
this
program.
B
It
is
not
an
overstatement
to
say
that
the
caterpillar
instigated
a
series
of
events
that
brought
us
to
where
we
are
today,
and
those
of
you
may
remember
in
2001
when
we
had
the
vast
losses
to
thoroughbred
foals
in
this
state
and
we
called
it
mere
reproductive
loss
syndrome.
It
was
attributed
to
the
inadvertent
consumption
of
the
caterpillars
by
mayors
in
foal
when
the
caterpillars
were
covering
their
pastures.
So
that
was
a
galvanizing
point.
It
was
a
tipping
point
for
us
in
2001.
B
It
made
dean
smith
and
others
ask
what
should
we
be
doing
better
for
this
industry,
and
so
I'm
going
to
tell
you
some
of
the
results
of
that
of
that
initial
question
right
now.
Certainly,
we
have
something
now
called
uk
ag
equine
programs.
It
has
a
lot
of
missions
typical
of
a
land
grant
university.
B
We
aim
to
do
world-renowned
research
and
I
will
note
that
we
work
with
all
breeds
in
addition
to
the
thoroughbreds,
and
there
are
a
lot
of
other
kinds
of
horses
that
generate
a
contribution
to
kentucky's
economy
and
we
work
with
all
those
breeds
and
operations
and
as
a
land
grant
college
of
ag.
We
also
consider
service
to
the
industry,
and
the
state
is
very
important,
so
we
try
to
push
innovation
and
new
knowledge
into
practice.
Next
slide,
please.
B
B
When
the
national,
when
the
u.s
department
of
agriculture
does
national
census,
they
do
not
count
horses
unless
they
are
already
on
farms
that
are
producing
food
or
other
crops.
So,
to
get
an
accurate
count
of
equine
in
this
state,
we
have
to
provide
some
add-on
to
the
usual
census,
so
we
did
a
survey
in
2012
and
we're
doing
one
again
in
2022,
because
if
you
don't
know
how
many
horses
there
are
and
where
they're
located,
you
can't
really
design
businesses
and
programs
around
them.
B
Another
very
relevant
activity
that
we've
done
recently
is
this
year
of
our
full
crop.
Had
a
rotavirus,
a
diarrhea
virus
that
turned
out
to
be
different
from
the
normal
strains.
We
are
researchers
at
uk
and
the
veterinary
science
gluck
center
and
others
identified
the
new
virus.
We
took
samples
from
farms
all
around
the
area
and
we
were
able
to
identify
this
virus
in
kind
of
record
time
and
develop
a
diagnostic
test
for
us.
B
B
We
really
believe
that
well
I'll
just
say
our
goal
is
to
be
a
to
know
known
for
our
safety,
research
and
programs,
and
we
believe
we
have
a
really
good
track
record
on
that
so
far.
Next,
oh
you
did
it
already,
just
one
more
slide
from
me,
our
outreach
and
engagement
that
we
do
the
veterinary
diagnostic
laboratory.
I
think
most
people
know
that
we
have
the
highest
case
load
for
horses
in
the
world.
B
We
also
help
with
environmental
aspects
of
horse
production
through
the
horse
pasture
evaluation
program,
where
we
help
with
we
help
identify
the
kinds
of
grasses
and
strategies
for
improving
the
quality
of
forage.
We
have
master
horse
owner
programs
that
we
deliver
across
most
of
kentucky's
counties
a
lot
of
other
breeds
besides
thoroughbreds,
as
I
said
earlier,
and
then
we
do
workshops
on
pasture
and
forages
across
the
state
through
our
cooperative
extension
program.
Also,
we
should
note
that
the
4-h
program
is
one
of
the
nation's
largest
with
more
than
4
500
participants.
I
I
I
I
So,
as
a
veterinarian
myself,
I
can
speak
personally
about
the
need
to
train
additional
vets
who
are
interested
in
equine
clinical
practice.
More
than
60
percent
of
our
students
who
apply
to
veterinary
school
are
getting
accepted.
This
is
an
amazing
statistic
and
obviously,
virtually
all
of
them
have
an
interest
in
equine
practice.
I
I
C
So,
as
I
mentioned,
I'm
a
2010
graduate
of
the
uk
equine
science
degree
program,
I'm
originally
from
virginia,
and
I
really
only
ever
wanted
to
go
to
uk,
because
I
knew
I
wanted
to
be
part
of
the
thoroughbred
industry
and
that
seemed
like
this
was
the
place
to
be
when
I
first
came
to
look
at
the
college.
Dr
bob
coleman
asked
me
so
like.
C
Why
are
you
going
to
pay
out
of
state
tuition
to
come
here
when
you
could
get
an
animal
science
degree
at
virginia
tech
and
as
a
14
year
old?
I
don't
think
I
was
quite
ready
for
that
question,
but
I
told
him
that
this
is
where
I
can
get
the
experience
that
I
can't
get
anyplace
else
and
as
a
uk
student,
there
were
a
lot
of
doors
open
to
me
that
I
don't
think
would
have
really
been
open
to
me.
C
Otherwise,
so
while
I
was
completing
my
degree,
I
tried
to
get
as
many
different
types
of
experience
in
the
industry.
As
I
could.
I
worked
a
semester
on
a
breeding
farm.
I
broke
yearlings.
I
worked
the
sales
with
yearlings.
I
worked
in
the
aftercare
sector
and
eventually
sort
of
realized
that
as
much
as
I
like
being
hands-on
with
horses
every
day,
my
talent
is
really
in
writing.
C
I
always
found
science
a
little
bit
challenging.
I
did
better
in
the
language
sorts
of
subjects
in
school,
but
I
thought
maybe
I'll
just
sort
of
keep
at
the
thing-
that's
difficult
for
me
and
then
try
to
meld
it
with
the
talent
that
I
hope
that
I
have
and
create
a
career
path
for
myself,
and
I
was
fortunate
that
I
was
able
to
do
that,
because
I
had
the
hands-on
horse
experience
that
I
got
from
uk,
but
also,
as
I
sort
of
sat
in
those
biology
and
chemistry
classes.
Thinking
like
gosh.
C
This
is
really
just
sort
of
this
is
a
lot
of
technical
stuff,
and
when
am
I
going
to
use
this
well
now
in
my
capacity
as
the
pawlik
report
editor-in-chief,
I
report
on
regulatory
issues,
drug
testing,
issues,
veterinary
issues
and
I
would
have
hated
to
admit
it
in
my
early
20s,
but
I
use
a
lot
of
that
stuff.
Every
single
day
this
morning
I
was
looking
back
at
some
organic
chemistry
notes,
trying
to
decipher
an
email
that
I'd
gotten
and
thinking
like.
C
I
really
didn't
see
this
coming,
but
here
we
are
so
you
know
uk
provided
me
those
opportunities.
In
that
background,
I
don't
think
I
would
have
had
the
same
career
trajectory
without
that.
I
consider
myself
a
permanent
resident
of
kentucky
now
in
order
to
do
this
job
largely
based
on
my
experience
at
uk
and
the
launch
of
my
career
from
uk,
and
even
though
I
I've
sort
of
determined
that
training
or
hands-on
sort
of
stuff
day
to
day
was
not
my
thing.
I
do
still
ride.
J
J
B
B
B
That
pays
for
financial
management,
student,
internship
coordinator
student
advising
teaching
the
overall
director
of
the
program
and
our
communications
functions.
We
do
teach
a
lot
of
students.
We
do
rely
on
a
lot
of
different
departmental
faculty
to
teach
part-time
for
us.
I
believe
it's
17
different
faculty
that
we
rely
on
part-time
to
teach
for
us
in
the
program,
so
we
built
the
program
kind
of
kind
of
bit
by
bit
without
having
a
a
large
permanent
allocation,
but
we
did
reallocate
funding
from
our
college
of
ag
food
and
environment
for
this
program.
B
So
our
operational
budget
of
500k
is
a
little
bit
of
an
underestimate
underestimate.
When
you
consider
how
many
teachers
we
borrow
from
other
departments,
we
also
have
our
teaching
heard
at
the
research
facility.
We
teach
at
dr
lawrence's
research
facility,
and
so
we
would
hope
to
be
able
to
have
a
dedicated
teaching
facility
in
the
future.
I
am
sorry
that
my
siri
on
my
watch
suddenly
said
I'm
so.
B
B
We
also
would
like
to
expand
youth
education
programs,
including
equine
sciences,
initiatives
for
science,
technology
engineering
and
math,
or
stem
at
the
k
through
12
level,
and
that
also
includes
increasing
ability
of
underrepresented
minorities,
to
access
our
programs,
enhancing
infrastructure,
to
support
the
programs
and
to
stabilize
our
operational
budgets,
which
are
now
kind
of
cobbled
together.
So
that
is
the
general
resource
scenario
that
we
wanted
to
present
to
you
all.
B
D
Thank
you.
Thank
you,
mr
chairman.
All
right,
so
I
understand
the
budget
you
says
is
half
a
million
dollars.
K
I
Jamie
well
would
be
in-state
and
out-of-state.
Some
of
the
out-of-state
students
come
in
the
common
market
scenario
as
well.
State
is
about
15
000
a
year,
and
out
of
state
is
about
twice
that.
D
B
So
so
tuition,
so
tuition
does
not
come
directly
to
colleges
at
uk.
For
one
thing,
I
think
you're
trying
to
figure
out
how
much
it
costs
to
educate
a
student.
B
So
if
I
were
to
put
in
the
value
of
the
17
part-time
faculty
members
who
who
do
not
teach
every
year,
but
we
get
them
to
teach
a
lot
and
the
value
of
the
facilities
where
we
keep
horses,
we
have
how
many
horses
do
we
have
for
our
students
about
20,
you
think
about
those
a
minimum
of
five
thousand
dollars
a
year
to
take
care
of.
So
it's
my
budget
answer
was
a
conservative
answer
and
we
would
be
more
than
happy
to
calculate
the
full
costs
involved
if
this
committee
wished,
for
that.
D
I
personally
would
like
that,
obviously
we're
trying
to
figure
out
how
to
you
know,
spend
all
the
money
and
figure
out.
You
know
tax
rates
and
you
know,
obviously
we
all
know
money
that
we
don't
spend
would
go
in
the
general
fund,
which
is
is
important
and
can
help
mitigate
the
the
tuition
that
you
all
charge
now.
So
that's
just
if
I
can
get
that
information
and
the
committee
can
get
that
information.
D
A
So,
while
we're
waiting
for
bctc
to
come
up,
my
my
interest
in
this
is,
I
think,
it's
a
perfectly
good
use
of
dollars
generated
by
the
paramutual
tax
to
fund
the
uofl
equine
program.
It's
a
good
program,
we're
going
to
learn
about
it,
but
I
think
it's
inherently
unfair
that
we
have
other
programs
at
kctcs
via
bctc
and
uk,
not
receiving
any
funding
from
the
paramutual
tax
and
with
the
growth
that
we
know
we're
going
to
see
from
hhr.
A
There
ought
to
be
a
way
that
we
can
put
a
pen
to
paper
with
a
calculator
and
try
to
figure
out
how
to
be
ecumenical
to
all
three
programs,
so
that
that's.
I
should
have
said
that
at
the
beginning,
why
we're
looking
at
this?
So
if
we
could
have
my
my
longtime
friend,
remy
bellick
and
dr
akapo
and
dixie
kendall
come
from
bctc.
D
L
L
So
many
of
you
probably
know
us,
under
our
original
name
of
north
american
racing
academy
and
we've
recently
rebranded
the
program
to
bctc
equine
to
better
encompass
all
the
offerings
that
the
program
offers.
So
our
program
is
rather
unique
that
we're
the
only
community
college
based
equine
and
racing
program
available
and
students
that
come
to
our
program.
They
can
earn
a
certificate,
a
credential
in
as
little
as
one
semester
with
our
equine
industry
workforce
certificate.
L
Now,
students
can
actually
earn
stackable
certificates
in
our
program
that
lead
up
to
a
two-year
associate
in
applied
science
and
equine
studies
and
those
certificates
enable
students
to
get
out
into
the
workforce
quickly
so
that
they're
employable
and
ready
to
get
out.
We
also
work
very
closely
with
the
high
schools
offering
dual
credit
with
locust
trace
agriscience,
as
well
as
have
high
school
students
that
enroll
in
our
courses
at
bctc.
L
L
We
have
the
opportunity
for
students
to
be
able
to
take
college
credits
that
will
transfer
to
either
of
the
great
four-year
programs
that
you've
heard
about
today
with
uk
and
will
hear
about
with
uofl,
so
we're
very
open
to
articulation
agreements
with
the
programs
and
hopeful
that
our
students
will
continue
with
their
studies.
But
one
of
our
our
major
factors
is
that
we
bring
in
a
diverse
group
of
students
that
may
not
be
four
year
ready.
L
We
also
are
working
very
hard
so
that
our
students,
with
our
new
curriculum
after
they've,
done
those
those
lab
courses.
We
spoke
about
with
the
one
semester
they're
eligible
for
internship
placement.
They
can
continue
working
towards
their
degree,
because
now
our
program
offers
our
other
courses
online
or,
as
hybrid
so
they're
placed
in
employment,
able
to
work
full-time
and
continue
working
towards
their
associate's
degree,
so
that
they
can
gain
that
valuable
education
plus
experience
to
put
on
their
resume.
M
We
very
much
appreciate
we
kind
of
feel
like
the
the
little
train
that
could
between
our
two
enormously
successful
equine
studies,
programs
and
equine
program
at
uofl
and
uk,
but
I
think
we
fee.
We
feel
an
important
role
in
that
we
offer
the
only
two-year
community
college-based
equine
studies
program
of
its
type
in
in
the
state.
M
That's
important,
because
in
many
cases
some
students
may
not
be
ready
or
be
capable
of
going
on
to
a
four-year
program,
and
so
they
come
to
us
first
and
we
we
get
them
into
the
pipeline
into
the
industry
and
then
get
him
a
job,
and
then
they
can
go
back
and
pursue
an
advanced
degree.
So
we
play
that
a
very
important
role
and
we're
the
only
ones
doing
that
right
now.
M
The
support
from
power
mutual
generated
tax
revenues
would
allow
us
first
of
all,
to
continue
providing
a
world-class,
a
world-class
equine
studies
program
at
a
community
college
price.
We
talked
about
tuition
and
cost
earlier
on.
I
kind
of
call
this
tuition
elasticity
since
that's
the
theme
here
today,
so
we
we're
we're
kind
of
fixed
on
what
we
can
charge
for
tuition
because
we're
community
college,
but
our
cost
to
run
our
12
horse.
M
Some
of
the
things
that
we
do
provide
are,
for
example,
we
have
12
off
the
track
race
horses
that
we've
adopted,
who
have
been
donated
to
us.
We
keep
them
up
at
the
thoroughbred
training
center.
We
have
to
pay
stall,
rent
and
paddock
rentals
to
take
proper
care
of
them
and
and
that's
a
hard
cost.
We
have
every
year.
We
we
work
on
recruitment
from
refugee,
latinx,
military,
veteran
and
other
communities,
which
is
important.
We
have
quite
a
bit
of
diversity
in
our
program,
including
students
from
overseas.
M
Believe
it
or
not,
we
are
working
with
expanding
facilities,
would
also
allow
us
to
increase
our
course
offerings
and
credentials
that
we
can
award,
and
we
are
now
currently
working
with
lexington
sister
cities
commission
to
develop
like
a
student
exchange
program
like
they
do
right
now,
with
sister
schools,
racing
schools
and
other
in
in
those
sister
cities.
M
We
also
are
key
in
providing
those
those
students
who
are
gonna
fill
those
boots
on
the
ground
kind
of
jobs,
those
entry-level
jobs
that
are
so
important
to
our
industry.
We
have
a
workforce
crisis
right
now
in
our
industry.
That
is
going
to
take
a
lot
to
to
solve
a
lot
of
our
students.
Are
the
ones
are
going
to
go
on
and
become?
You
know
a
groom,
a
exercise
rider,
an
assistant
trainer,
a
barn,
foreman
and
those
are
are
very
important
roles
to
fill.
We
can
solve
medication
reform
in
our
industry.
M
We
are
also
international
and
I
I
would
say
that
including
bourbon,
we
might
be
one
of
the
best
exports
in
from
kentucky.
I
say
this
because
we
were
part
of
founding
an
organization
called
the
international
federation
of
horse
racing
academies
which
at
last
count
had
about
75
different
racing
schools
around
the
world
that
has
allowed
us
to
export.
If
you
will
some
of
our
students
to
great
learning
opportunities
in
places
like
kildare,
ireland.
I
know
that
senator
west's
daughter
had
the
great
opportunity
to
go
work
for
a
couple
of
months.
M
M
I'm
not
saying
they're
good
riders,
but
we
teach
them
how
to
ride
horses.
We've
sent
some
of
our
apprentice
jockeys
to
ride
in
a
international
race
in
in
france
and
and
all
along.
It's
been
bctc
when
we
go
over
there,
so
we
fly
the
bctc
flag
and
the
kentucky
flag
proudly
when
we
go
overseas
and
that
last
bullet
point
there
and
as
little
as
one
semester,
students
can
become
eligible
for
internships
placements
with
top
equine
operations
all
around
the
world
next
slide.
M
So
I
think,
before
we
get
to
this
final
slide
here,
the
key
takeaways
for
for
us.
I
think
it's
vital
that
as
we
discuss
how
we
can
apportion
parts
of
of
this
tax
revenue,
please
keep
in
mind
that
that
we
are.
We
have
played
an
important
role
in
in
the
ecology
of
equine
studies
in
the
state.
We
we
we
work.
M
We
have
a
cost.
That
is
the
same
as
any
other
equine
program,
but
we
don't
have.
Quite
you
know
the
tuition
level
that
we
we
can
offset
that.
So
we
are
in
a
position
where
we
could
very
much
use
some
help
from
the
state.
And
finally,
I
would
say
that,
while
the
the
uk
ag
equine
program
and
university
of
louisville
are
incredible,
programs
are
one
small
thing
that
we
can
say
that
we
did
pretty
well.
If
you
look
on
this
slide
and
you
look
at
the
horse-
that's
galloping
there.
M
This
is
one
of
our
students
who
came
through
the
program.
He
had
a
lot
of
trouble
early
on.
We
got
him
straightened
out.
M
We
got
him
to
an
internship
at
keeneland
with
a
friend
of
mine,
rudolph,
bruce
a
trainer
for
windstar,
and
I
I
sent
this
young
man
over
there
and
I
told
road
elf
put
him
on
a
horse
and
teach
him
how
to
you
know:
we've
done
enough,
we
as
much
as
we
can
do
with
him,
teach
him
more,
and
he
says
I've
got
a
perfect
course
for
him
to
ride
and
learn
on.
M
So
he
put
him
on
this
horse
and
if
you
can
identify
the
horse
I'll
I'll,
take
you
out
for
a
beer,
any
guesses,
that's
justified
as
a
two-year-old,
so
one
of
our
students
actually
galb
justify
as
a
two-year-old
before
he
went
on
to
win
the
triple
ground.
So
and
that's
that's
our
presentation,
any
questions.
D
Thank
you,
mr
chairman.
So
obviously
you
all
do
good
work
and,
or
else
chair
thayer
wouldn't
have
you
and
and
representative
cook
spoke
to
the
importance
of
of
the
work
you
all
do
before
we
got
to
this
meeting
today.
That
said,
you
know
we're
looking
at
obviously
taking
the
tax
revenue.
As
I
said
the
last
folks,
and
and
dispersing
it
and
two
slides
back.
D
You
say
that
what
does
it
say
here?
Sport
would
allow
bctc
equine
to
continue
well.
Is
it
going
to
close
up
if
we
don't
give
you
money,
no
okay,
but
that
will
make
us
better.
Okay.
How,
because
like
he
said
the
cost
remains
the
same,
but
the
tuition
we
charge
is
almost
a
half
or
a
third
of
what
uk
or
uofl
charges.
D
Well,
I,
I
guess
you
know.
Obviously
we
have
we're
in
here
from
uofl
and
they're,
providing
services
and
and
uk
you
specified
where
that
money,
any
new
money
would
be
going.
You
know
I'm
happy
to
support
a
successful
outfit,
but
you
know
if
everything's
running
coming
along
just
fine
right
now
you
know.
D
L
If
I
might
add
as
well,
one
thing
to
consider
with
our
student
population
is
that
we
bring
in
a
very
diver
diverse
group
of
students
and
particularly
from
low-income
families,
so
the
opportunity
to
be
able
to
expand
operations
so
that
we
can
offer
more
applicable
credentials
that
can
be
obtained
in
as
little
as
one
semester
to
a
year.
That
makes
them
employment.
Ready
is
going
to
be
very
beneficial
for
the
population
among
kentucky,
but
also
possibly
being
able
to
use
those
funds
towards
scholarships.
D
H
D
M
And
I
would
also
add
to
that:
just
you
know
represent
going
to
mention
dollars
and
cents
aside
from
administration
and
salaries
and
everything
to
run
our
barn.
It
cost
us
about
a
you.
G
M
130
000
a
year
and
our
our
non-resident
tuition
basis
for
for
based
on
a
12
credit,
full
full
load,
is
about
7
500
a
year
for
non-resident
and
2100
for
a
resident.
So
we
we,
you
can
see
that
that
that
hard
cost
is
something
that
is,
is
always
going
to
be
a
challenge
for
us
to
complete
our
mission.
A
J
Plus
I've
been
in
contact
with
your
students
and
I've
seen
the
product
that
you're
putting
out
there
and
such
an
extreme
need-
and
it's
mentioned
here
on
the
in
your
presentation,
but
I
just
want
to
talk
about
and
hear
a
little
bit
more
about
what
you're
doing
with
locust
trace
and
how
we
can
expand
on
that,
because
I
really
think,
there's
there's
so
much
in
that
and
so
incredible
to
do.
If
anybody
that
knows
about
that
high
school.
L
I
would
be
happy
to
expand
on
that
so
currently
we're
offering
dual
credit
classes
with
locustrace
that
their
instructor
is
teaching
a
course
for
us,
but
in
the
past
their
students
have
enrolled
in
our
courses.
At
one
point
we
actually
were
based
and
had
an
extended
campus
at
locust
trace
and
we've
discussed
with
them
the
possibility
of
looking
into
that
again
if
it
might
be
of
assistance
to
them,
but
anything
that
we
can
do
with
them
to
bring
their
students
out
to
our
campus.
L
Typically,
the
biggest
restriction
for
them
is
transportation,
so
those
are
other
areas
that
funding
may
be
helpful
for
our
program
where
we're
based
at
the
thoroughbred
training
center
transportation
is
a
real
problem
for
a
lot
of
our
students,
because
there's
not
a
public
transportation
that
goes
to
that
location.
So
that's
another
area
of
funding
that
could
be
beneficial
to
our
student
population.
A
I
have
visited
the
program
during
morning
training
hours
at
the
training
center
out
on
paris
pike
and
it's
it's
pretty
neat
pretty
what
they
do
to
teach
teach
these
kids
everything
equine
and,
as
was
mentioned,
there
is
a
workforce
shortage
in
that
sector
too.
People
don't
want
to
do
that.
Kind
of
work
anymore
seems
like
so
the
ones
that
do
we
need
to
do
the
best
job
possible
and
the
program
is,
is
doing
a
really
terrific
job.
M
A
Very
well,
it's
it's!
It's
a
it's
a
pleasant
morning.
That's
for
sure
very
well!
Thank
you.
Thank
you,
gentlemen
and
lady.
We
appreciate
your
testimony
and
next
up
we
will
have
final
presentation
from
the
uofl
equine
program.
A
Gentlemen,
if
you're
ready,
if
you
could
introduce
yourselves
for
the
record
and
remember,
to
have
the
microphones
in
close
proximity
and
make
sure
that
green
shiny
button
is
glaring
at
you.
K
G
A
Very
well
jack!
Congratulations!
You're!
Having
a
great
year
at
the
races,
really
watched
your
meteoric
rise
since
you
were
doug
o'neill's
assistant.
A
A
We're
glad
to
have
you
both
here
today
and
again,
I'm
a
big
supporter
of
the
program
you
understand.
My
position
is,
I
think
we
have
a
fairness
situation
and
I
want
to
make
sure
that
we
do
the
best
we
can
to
continue
to
support
uofl,
and
so,
let's
hear
more
about
the
program.
K
Before
we
go
ahead,
mr
chairman,
it
looks
like
we're
having
a
little
issue
with
the
slides
they're,
not
fitting
in
the
in
the
box
here.
A
Your
entire
collection
of
images
correct,
so
we
will
get
someone
whose
skill
set
is
much
greater
than
mine
when
it
comes
to
the
technical
aspects
and
try
to
remedy
that
there
we
go
how's
that
good.
K
K
The
equine
industry
program
is
the
only
equine
business
program
offered
at
an
aacsb
accredited
business
school
in
the
world.
The
program
is
unique
and
it
offers
students
all
the
core
business
administration
staples,
including
accounting,
finance
economics,
management
and
marketing,
along
with
27
hours
of
specialized
industry-centric
education.
K
Our
degree
is
a
four-year
degree
and
our
undergraduates
earn
a
bachelor
of
science
in
business
administration,
a
bsba
and
equine
administration.
We
also
have
an
undergraduate
certificate
and
new
this
year,
which
I'll
get
to.
In
a
little
bit,
we
launched
a
graduate
certificate.
The
horse
racing
industry,
business
certificate.
K
Approximately
50
percent
of
our
students
come
from
out
of
state
our
retrent.
Our
retention
rates,
however,
have
dropped
over
the
last
five
years,
and
I'm
sure
this
is
a
trend,
that's
happening
in
all
equine
programs.
Throughout
the
commonwealth,
our
industry
has
been
under
intense
scrutiny
and
a
number
of
negative
high
profile
issues
have
made
national
headlines,
but
recently
there
have
been
some
positive
trends,
including
the
passage
of
the
horse,
racing
integrity
and
safety
act,
which
should
generate
confidence
in
our
industry.
K
I
fully
expect,
as
confidence
grows
in
the
industry,
especially
here
in
the
commonwealth.
With
all
the
positive
support
the
industry's
received
from
this
legislature,
we
should
see
those
retention
rates
rebound
according
to
the
numbers
from
our
alumni
office.
57
percent
of
our
graduates
stay
and
work
here
in
the
commonwealth.
K
K
We
also
receive
one
twentieth
of
one
percent
on
simulcast
handle
with
the
onset
of
covet
19
and
the
decrease
in
on
track
attendance
and
simulcast
wagering.
Our
funding
has
decreased,
we've
seen
a
fall
of
16.46
in
fiscal
year
2020
and
a
fall
of
15.25
percent
in
fiscal
year
2021,
and
these
are
measured
against
2019
as
the
barometer
historical
horse,
race
funding
contributions
have
increased
percentage-wise
now
and
they're
now,
83.79
of
the
eip
revenue
source
for
fiscal
year
2021,
and
this
is
an
increase
from
71
percent
back
in
2019.
K
It's
also
important
to
know
this
is
the
primary
source
of
funding
for
the
eip
program
for
operations,
faculty
student,
recruitment,
marketing
research,
etc.
It
should
be
noted.
We
also
receive
a
portion
of
the
capital
expenditure
funding
available
to
the
other
equine
programs
that
dean
cox
mentioned
earlier
in
the
trust
administered
by
the
kentucky
council
of
post-secondary
education
in
2018.
K
K
Included
is
a
chart
showing
program
receipts
for
the
five
last
five
fiscal
years
2017-2021,
as
mentioned
the
decreases
in
20
and
21
can
be
attributed
to
a
decrease
in
live
and
simulcast
handles
at
the
race
tracks.
I
also
want
to
point
out:
I've
included
our
annual
expenditures,
as
a
percentage
of
our
budget.
K
Over
three
quarters
is
for
faculty
and
staff.
All
of
our
faculty
and
staff
comes
out
of
our
budget.
Ninety
seven
percent
total
goes
to
faculty,
and
staff
and
operations
and
operations
includes
publicity,
promotion,
sponsorship,
student,
recruiting
and
retention
dues
and
memberships
research,
and
our
stewards
and
judges,
programming.
K
K
This
constitutes
23
of
the
120
credit
hours
necessary
to
complete
their
degrees,
so
students
need
to
complete
three
other
courses
for
every
equine
course
that
they
take
the
university
contributes
by
providing
instruction
for
the
remaining
93
credit
hours,
students
need.
This
includes
facilities,
infrastructure
costs,
libraries
and
administration.
K
Just
a
quick
note
on
each
dr
sarah
memi
joined
us
in
august
2020
as
an
assistant
professor.
She
was
a
joint
hire
between
our
department
and
the
marketing
department.
At
u
of
l,
she
did
her
phd
work.
Work.
Excuse
me
at
duke
university
and
she's
got
a
background
in
consumer
research.
Crisis
communication
goal
pursuit
motivation.
K
She
also
has
an
eventing
background
during
her
short
time
here.
She's
already
made
presentations
to
the
racing
officials,
accreditation
program,
also
known
as
rope,
the
2020
investigators
conference
and
also
the
national
hbpa
conference,
dr
tom
lambert,
who
you
met
earlier,
joined
us
in
january
of
2020.
As
an
assistant
professor
of
practice,
dr
lambert
completed
his
phd
work
at
uofl
and
he
serves
the
program
as
our
applied
economist
he's
responsible
for
teaching
our
capstone
courses
as
well
as
economics.
K
Dr
lambert
also
has
a
research
component
in
his
contract
and
we'll
talk
more
about
that
in
just
a
moment.
And
finally,
we
just
added
dr
amy
lawyer
she's,
our
most
recent
hire.
She
came
to
us
in
january
of
this
year,
she's
an
assistant
professor
of
practice,
she's
also
a
2006
grad
of
our
program
and
completed
her
phd
work
at
the
university
of
kentucky,
with
a
focus
on
educational
leadership.
K
Before
I
go
on,
you
heard
me
mention
while
discussing
our
faculty,
but
I
think
it
needs
a
little
bit
of
a
further
explanation.
Part
of
the
mission
of
our
program
is
not
only
to
educate
our
students,
but
we
also
educate
the
industry,
and
we
do
this
through
rope.
Our
work
with
rope,
the
racing
officials,
accreditation
program
and
also
with
the
investigators
conference.
K
The
racing
officials
accreditation
program
actually
began
at
the
university
of
louisville
louisville
back
in
the
early
1990s.
It
educates
the
stewards,
judges
and
other
racing
officials
who
oversee
our
sport.
We
launched
the
racing
investigators
conference
just
last
year
in
october
of
2020
racing
investigators
are
hired
by
state
racing
commissions
and
are
usually
off-duty
or
retired
law
enforcement.
K
We
educate
these
individuals
about
the
race
track,
backstretch
and
the
paramutual
industry
as
a
whole.
I
mentioned
research
earlier
in
the
1990s.
Our
program
was
very
well
known
for
its
groundbreaking
economic
research
generated
by
dr
richard
tallheimer
and
shannon
nybergs.
Dr
lambert
has
been
kenducky
research
and
here's
a
brief
sampling
of
some
of
the
work
he's
generated.
K
K
K
K
I
put
a
qr
code
on
the
slide
presentation
and
I
encourage
you
to
use
it
to
navigate
to
our
website
to
take
a
look
at
this
new
exciting
offering
from
our
program
and
before
we
get
to
jack
one
more
thing
to
talk
about
we're
working
with
legacy
equine
academy
at
locust
trace
agricultural
center
as
well.
It's
great
work
that
they're
doing
at
bctc
to
test
a
pilot
program
in
equine
business,
and
our
goal
is
three-fold
here.
K
K
K
K
K
As
part
of
this
project,
we've
also
developed
learning
modules
and
we're
rolling
these
out.
This
fall
to
date,
we've
been
to
locust
trace
twice
dr
amy
lawyer's
gone
over
and
she's
talked
about
sales
and
catalog
pages,
and
we
also
did
an
industry
overview
over
the
next
six
months.
Our
faculty
will
cover
these
other
topics
and
we
hope
to
encourage
students
to
consider
a
business
career
in
the
industry
during
our
focus
groups.
For
the
graduate
certificate
we
kept
hearing,
the
old
garden
racing
is,
is
growing
older
and
the
industry
needs
young,
fresh
ideas.
K
We
hope
this
pilot
program
accomplishes
those
goals
and
our
intention
is
to
bring
this
program
to
other
parts
of
the
commonwealth.
In
fact,
we've
had
a
lot
of
interest
from
all
over
the
commonwealth,
we're
also
working
through
the
process
at
uofl
to
develop
dual
credit
courses
to
help
these
students
get
a
head
start
before
they
get
to
our
program.
K
I'd
like
to
introduce
you
now
and
let
you
hear
from
jack
sisterson
jack
now
maintains
the
year-round
stable
at
keeneland
he's
a
native
of
durham
england,
and
he
now
considers
kentucky
home.
He
first
ventured
to
kentucky
after
receiving
a
soccer
scholarship
from
the
university
of
louisville
and
he
enrolled
in
our
program.
While
he
was
here,
he
worked
for
todd,
pletcher,
eddie
connealy,
and
then
he
moved
on
to
the
barn
of
doug
reed
or
doug
o'neill.
I'm
sorry,
as
previously
mentioned
by
senator
thayer
in
2018.
K
He
went
out
on
his
own
and
he's
now
the
private
trainer
for
historic
calumet
farm.
He
had
his
first
graded
stakes,
winner
in
2018
at
aqueduct
when
he
won
with
oxy
lady
in
the
2018
tempted
stakes,
and
this
year
he
captured
a
grade
1
winning
the
alfred
g
vanderbilt
handicap
at
saratoga
back
on
july
31st.
G
Thank
you
sean
again.
I
started
the
university
of
louisville
in
2004
and
originally
from
durham
england,
so
it
was
slightly
intimidating
for
me
just
moving
overseas
to
a
country
that
you
know.
I've
only
spent
a
couple
of
weeks
on
vacation
with
my
family
and
I
needed
to
broaden
my
you
know:
thoroughbred
industry
knowledge
and
I
wasn't
involved
in
a
kilmora,
godolphin,
powerhouse
back
home
and
it's
very
difficult
from
someone.
From
my
perspective.
I
don't
come
from
a
wealthy
family
to
sort
of
broaden
it
back
in
europe.
G
If
you're
not
involved
in
an
organization
like
that,
so
I
reached
out.
I
was
fortunate
enough
to
get
a
soccer
scholarship
at
the
university
of
louisville
and
when
I
learned
that
they
offered
the
equine
program
there,
it
was
a
no-brainer
for
me
to
pack
my
bags.
Probably
my
parents
were
a
bit
afraid,
but
I
sort
of
packed
my
bags
and
booked
a
flight
and
never
looked
back.
I
are
forever
in
debt
to
the
university
of
louisville.
G
G
I
had
the
the
hands-on
experience
with
the
thoroughbred
horse
itself,
but
I
didn't
have
any
business
experience
and
I
always
had
a
dream
of
being
a
trainer,
but
obviously
being
a
trainer.
It
comes
with.
You
have
to
be
able
to
run
a
successful
business,
and
you
know
I
attended
all
the
classes
there
at
the
university
of
louisville
and
they
really
they're
a
massive
attribute
to
what
we've
done
in
our
barn.
Today,
we've
been
fortunate
enough.
G
We've
won
four
grade
ones:
we've
got
breeders
cup
runners
runners
coming
up
in
november,
and
it
all
goes
back
to
to
my
experience
at
the
university
of
louisville.
You
know
on
and
off
the
field.
I
take
a
lot
of
my
big
thing.
I
took
from
the
classes.
There
was
time
management
and
people
might
ask
why
time
management
we
train
at
five
o'clock
in
the
morning,
and
we
have
to
be
done
at
10..
We've
got
a
certain
amount
of
time
because
the
tracks
close
at
10
to
them
race
in
the
afternoons.
G
So
you
have
to
allocate
your
time
to
turn.
I've
got
75
horses
now
and
if
you
can't
manage
that
time,
guess
what
you're
not
going
to
get
all
75
horses
out
to
train.
So
I
go
back
to
my
time
at
the
university
of
louisville,
where
you've
got
an
eight
o'clock
class
to
nine,
then
you've
got
to
go
from
a
10
to
11.
You
go
to
lunch
and
you've
got
classes.
In
the
afternoon.
G
G
So
from
what
I
took
from
the
university
was
a
big
time
management
thing,
because
that's
my
biggest
battle
as
a
trainer
right
now
is
allocate
my
time
to
get
the
best
out
of
each
horse
each
staff
member
for
each
to
us
to
grow
as
a
team
as
well
as
communication
skills.
G
G
But
you
know
I've
got
a
relationship
now
I
speak
to
them
once
or
twice
a
week
via
texts,
five
phone
calls,
you
know
hyped
dinners
with
them
and
again,
if
it
wasn't
for
university
louisville
for
teaching
me
these
time
management
communication
skills,
I
wouldn't
be
able
to
sit
here
and
operate
the
way
we're
operating
now
again,
I'm
forever
in
debt
to
university
of
louisville
I'd
love
to
make
it
back
there,
and
I
always
we
have
runners
at
churchill
and
I
drive
through
campus
and
it's
pretty
incredible
to
see
how
you
know
quick,
it's
growing
as
a
university
as
a
whole,
and
I
always
try
and
read
up
of
you
know
the
success,
the
graduates,
what
they're
going
on
to
do,
and
hopefully
I'm
just
a
small
piece
of
you-
know
a
graduate
that's
gone
on
to
to
represent
the
university
of
louisville
in
in
in
good
fashion.
A
A
H
Thank
you,
mr
chair.
Thank
you
guys.
Excuse
me
jack.
I
do
remember
I'll
have
another
in
fact,
there's
several
of
us
that
made
small
wagers
on
that
horse,
just
from
the
name
itself,
I'm
sure
and
mr
chair.
I
also
remember
flower
alley
quite
well.
So
you're,
not
the
only
one
in
here
that
knew
that.
H
What
can
I
say,
oh
I'll,
have
to
download
the
video
or
the
audio
of
this
meeting
and
hold
that
for
future.
Believe.
E
H
All
right
sean
thanks
for
being
here,
if
you
could,
could
you
go
back
to
the
slide
on
funding
overview.
H
Beautiful
beautiful-
and
I
just
want
to
make
sure
my
my
colleagues
on
on
this
task
force
caught
this
when
this
was
presented.
We
have
all
learned
all
summer,
as
this
task
force
has
went
along
about
the
saving
grace
of
hhr
to
the
racing
industry
here
in
kentucky.
H
It's
really
been
significant
tremendous
boost
to
the
industry
here
in
kentucky
and
there's
a
great
deal
of
potential
for
growth
in
this
industry,
as
the
previous
testifiers
testified
about
earlier,
but
because
of
our
unique
funding
situation
here
with
you
guys
at
the
university
of
louisville
you're,
seeing
a
decrease
in
the
revenues
that
that
are
being
appropriated,
and
I
want
to
make
sure
everybody
understands
why
this
is
first
of
all,
a
couple
of
the
sources
of
funding.
Some
of
the
smaller
sources
of
funding,
which
is
simulcasting
live
racing
are
kind
on
the
decline
hhr.
H
We
have
learned
that
hhr
is
significant
revenue
producer
in
paramutual
wagering,
and
the
funding
that
you're
getting
from
hhr
is
capped.
So
any
growth
that's
happening
in
hhr
you're,
still
cap
at
the
the
number
you're
getting,
but
the
other
platforms
that
you're
getting
assistance
from
have
been
declining,
which
is
creating
a
declining
revenue
to
you.
And
I
guess
my
question
is:
have
you
had
to
make
any
cuts
or
any
changes
to
how
you
operate
because
of
or
decision
impacts
on
decision
making
within
your
program.
K
Thank
you
for
the
question
representative
gentry.
No,
not
at
this
current
time.
However,
it's
something
that
could
occur
down
the
road,
however
many
years
from
then
now,
I'm
not
exactly
sure
when
that
would
be,
but
it
is
something
that
could
happen.
You
know,
we've
we've
moved
forward
with
a
number
of
programs
and,
and
those
don't
come
without
an
expense
and
putting
three
phds
in
the
department
has
an
associated
cost.
H
All
right
that
that's
good
to
hear
that
and
mr
chair,
if
you
remember,
I
made
a
comment
a
couple
of
meetings
ago
about
bringing
up
the
cap
situation.
The
whole
reason
I
did
that
because
I
was
real.
I
realized
what
what
the
platform
situation
on
revenues
was-
and
I
was
curious
about
that,
and
I
I
would
ask
the
committee
to
take
that
in
consideration.
H
H
H
That's
that's
a
great
testament,
I
think,
to
the
programs
we
got
going
on
here.
So
you
know
that
that's
that's
what
all
post
secondary
programs
here
in
the
state
should
try
to
shoot
for
so
anyway.
That's
all,
mr
chairman,
thank
you.
Thanks.
A
A
So
now
you
can
see,
with
pair
mutual
revenue
model,
shifting
to
both
hhr
and
advanced
deposit
wagering.
The
amount
has
declined
significantly
that's
coming
in
from
live
and
simulcast.
So
I
don't
know
what
the
recommendation
is
going
to
be
from
this
task
force.
A
Chairman
koenig
and
I
will
put
our
heads
together
and
maybe
we
just
recommend
a
flat
amount
every
year
for
each
of
the
three
programs
and
and
that
way
we
know
that
they're
going
to
get
that
much
and
they
know
for
planning
purposes
that
they're
going
to
get
that
much.
That
might
be
one
solution
or
or
maybe
we
tinker
with
the
percentages.
I
don't
know
yet
and
and
chairman-
and
I
are
certainly
open
to
that
conversation.
A
This
is
a
good
program.
I
look
at
the
list
of
graduates
from
from
the
uofl
program,
and
half
of
them
are
friends
of
mine
that
I've
known
for
a
long
long
time,
including
sean
who
was
the
track
announcer
at
river
downs.
When
I
was
communications
director
at
turfway
in
the
late
90s,
so
I
also
need
to
point
out
that
my
phone
is
blowing
up.
A
Apparently
there
are
a
lot
more
people
than
just
a
handful
of
us
who
know
that
flower
alley
was
the
sire
of
I'll
have
another
winner
of
the
derby
in
preakness,
and
I
also
should
point
out
that,
while
in
the
employee
of
trainer
doug
o'neill
that
jack
was
assistant
trainer
for
two
kentucky
derby
winners,
the
aforementioned
I'll
have
another
as
well
as
nyquist
who's
off
to
a
great
start
as
a
stallion
here
in
kentucky.
So
well
done
you,
your
success
is
well
noted
and
we
appreciate
your
advocacy
for
the
program.
A
Any
other
questions
from
anyone
virtually
very
well?
We
thank
you
both
for
your
testimony
and
time
today
very
enlightening
and
helpful
for
all
of
us.
The
next
meeting
will
be
november
19th.
A
So
we
will
see
you,
then.
If
there
are
no
further
questions,
I
move.
I
need
a
motion
to
adjourn
motion
from
representative
cook.
Second,
from
representative
koenig,
all
in
favor
say
aye
aye
opposing
eyes
have
it.
We
are
adjourned.