NC lottery makes largest education transfer


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Submitted: Fri, 04/27/2012 - 2:38pm
Updated: Fri, 04/27/2012 - 2:44pm
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RALEIGH, NC (AP) — A huge jackpot last month helped the North Carolina Education Lottery record its highest quarterly ticket sales ever and its largest cash transfer for education in the lottery’s history.

The lottery announced Thursday it had transferred another $127 million earmarked for state and local education initiatives.

Lottery executive director Alice Garland attributed the highest quarterly payment ever to public education to the Mega Millions jackpot that ultimately reached $640 million in late March. The lottery generated a record $445 million in sales for the three months ending March 31.

The lottery says it now expects to transfer $450 million for the fiscal year ending June 30, about $25 million more than the original estimate. Those extra proceeds would go to counties for school construction and repairs.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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4 Comments on "NC lottery makes largest education transfer"


anne
2015 years 8 months ago

Just wait – that money will be used for something else. The lottery was shoved down people’s throats, making them believe it was for education. Big Lie!!!!!! Yes, they have put some money in for it, but alot of it goes to the fat cats sitting in Raleigh, making foolish decisions. In the meantime, our local schools don’t have money for books and supplies. Teachers still pay for alot of stuff.

In other areas of our state, schools are asking parents to provide toilet paper! If you don’t believe it, look it up. That makes me question where the money is going. If basic supplies such as toilet paper, soap and other things aren’t provided, what is being done with the money?

Guest Reply
2015 years 8 months ago

To answer your question as to where the money is going…here’s where:
http://www.wwaytv3.com/2012/04/20/perdues-plane-makes-emergency-landing

SurfCityTom
2015 years 8 months ago

which govern the Lottery & exactly how the money can be spent. It’s rather specific on what education activities qualify for funds.

On the other hand, there are no restrictions on the Governor tapping into the fund to balance a pet project or for items other than education.

So you want to get mad. Then focus. Force the legislature to close the loophole through which Big Mike & her Majesty have been able to siphon off education lottery funds for items other than education.

Or do nothing and just continue to spout off.

Guest Reply
2015 years 8 months ago

No wonder the NC State Refunds were pretty much on time this year!