INDIANAPOLIS -- The Indianapolis Colts refused to make any promises to help financially with a $47 million bailout bill for the Capital Improvement Board that a Senate committee approved Thursday by a 10-2 vote.

Colts president Bill Polian appeared before the committee hearing the measure, which was unveiled on Wednesday.

The bailout bill, crafted by Sen. Luke Kenley, R-Noblesville, who chairs the Senate Appropriations Committee, would raise several taxes, including those on alcohol statewide, restaurant meals and hotel stays in Marion County and tickets to sporting events in Indianapolis.

The bill also assumes $5 million a year each in contributions from the Colts and Indiana Pacers.

Pacers Chief Operating Officer Rick Fuson was upbeat about the NBA franchise's part of the deal, possibly because the Pacers would be able to get out of their current $15 million commitment to operate Conseco Fieldhouse, 6News' Norman Cox reported.

The Colts made no promise to pay anything to operate the stadium they use for $250,000 rent and from which they get most of the revenue. Polian was congenial, but only promised to talk about what the team might consider.

"We look forward to working with you and your colleagues in the Legislature in taking a look at this problem and in sharing with you data and information that we will make available to you," he said.

Polian told reporters after the hearing that the Colts contributed $100 million to building Lucas Oil Stadium. That total was covered, in part, by the $48 million fee the city paid the team for breaking the lease early at the RCA Dome.

The bill would double the wholesale tax on beer, wine and spirits. Only about $8 million from the alcohol tax would go to shore up the operating budget deficit. The rest would be split up by cities and towns around the state.

The committee heard from numerous restaurant and bar owners who said the tax would hurt them with no compensating benefit.

"I don't have locations in downtown Indianapolis, mine are out in the doughnut and the outskirts. It does not benefit us to have the Indianapolis Colts play," said Outback Steak House franchise owner John Benjamin.

To cover the rest of the shortfall, lawmakers will also be asked to raise local hotel and motel taxes from 9 to 10 percent, boost the food and beverage tax a quarter of a percent and increase the tax on stadium and fieldhouse ticket from 6 to 10 percent.

Mayor Greg Ballard expressed lukewarm support for the measure, saying that he knows something has to be done to fix the CIB's budget hole. However, Ballard is concerned that raising taxes will drive away the convention business the facilities were built to attract.

"I think the elasticity of both those are problematic. The food and beverage in particular is distasteful to me, to be honest with you," Ballard said.

The bill could face stiff opposition on the Senate floor from lawmakers from the edges of the state who feel they're being asked to bailout Indianapolis.