N.C. “Lootery” Missing Jackpot: CLT Observer

Today’s Charlotte Observer talks about the Lootery, specifically that many NC Senate Democrats will not support the Governor’s proposal to make more money available for prizes.

Thank you Dems. It’s the first thing they’ve done right in a while.

I still feel duped though.

I, like others in the state, were promised Lootery Revenues were going to be directed toward education. It’s not happening, the state grossly underestimated projected revenues, and now the Gov. is left to clean up the mess. Many school systems, GCS included, are still planning construction bonds for this fall’s ballots across the state. Many will pass, some will fail. And now we’re back to square one.

An excerpt:

Supporters have called the lottery’s initial projections unrealistic. Skeptics say they’re not surprised by its less-than-stellar performance.

“What we’re seeing from the lottery is what those people who opposed (it) said all along — that the amount raised would not meet the rosy projections,” said Senate Minority Leader Phil Berger, R-Rockingham. “It’s an unreliable source of revenue.”

Easley and others believe the lottery could raise more money by giving more away.

Now, 35 percent of lottery proceeds has to go to education, including school construction and scholarships. Another 52 percent goes to prizes.

In comparison, South Carolina devotes 60 percent to prizes.

Easley would raise prize outlays here to 59 percent, keeping 29 percent for education.

“The state needs more money for education and this is the best way to get it,” said Easley spokesman Seth Effron. “The governor knows the General Assembly supports education as well.”

Bill Holmes, a spokesman for House Speaker Joe Hackney, D-Orange, said there’s no consensus on Easley’s proposals in the House.

E.C. 🙂

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