- Posted January 14, 2020
- Tweet This | Share on Facebook
Michigan Lottery contributes $1 billion to school fund for first time
LANSING (AP) - The Michigan Lottery has raised more than $1 billion for public schools for the first time.
The lottery announced Wednesday it contributed more than $1.07 billion to the school aid fund in the last fiscal year, a $129 million boost over the prior year. It was the largest one-year increase in the lottery's 47-year history and the fifth straight record-setting year.
Since the 2013-14 fiscal year, the lottery's contribution to the $13.5 billion school aid fund is up $327 million, a 44% increase.
The fund also is funded with sales and use taxes, income taxes, property taxes, some federal funds as well as cigarette, liquor and other taxes.
"This vital funding for our schools would not be possible without the support of our players and retailers, which we greatly appreciate," said Commissioner Brian Neill. "Every Lottery purchase helps raise revenue for schools in our state."
The lottery had $3.9 billion in sales in the fiscal year that ended Sept. 30, awarded more than $2.3 billion in prizes to players and gave more than $287 million in commissions to lottery retailers.
Published: Tue, Jan 14, 2020
headlines Oakland County
- Annual Dinner & Meeting
- FORCE Team arrests six in prolific auto theft ring
- Michigan allocates $12 million to support community-based organizations in advancing environmental and climate justice
- Oakland County and SMART launch pilot program providing free transit for veterans and dependents
- Supreme Court sides with the Consumer Financial Protection Bureau
headlines National
- More lawyers—and clients—want to learn about sustainable development practices
- Top artificial intelligence insurance tips for lawyers
- Lawyer charged with illegally transmitting Michigan data after 2020 election
- Viral video shows former Rikers Island inmate as she learns she passed bar exam on first try
- How Sullivan & Cromwell is scrutinizing potential new hires after campus protests
- No separate hearing required when police seize cars loaned to drivers accused of drug crimes, SCOTUS rules