Lottery Could Dip Into School Funding


	Lottery Could Dip Into School Funding

PatrisTimoris

6-21-2007 3:19 PM

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tags:

socialism, lottery, education, schools, regulation

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/9befd9bc-9a4c-4718-a420-f6d5669324da/650BB294-DAD1-42DB-8246-BBE6AC1B6411/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.kvue.com/news/local/stories/062007kvuetwostepflop-eh.1fc9f352.html" href="http://www.kvue.com/news/local/stories/062007kvuetwostepflop-eh.1fc9f352.html" style="font-size: 11px;">www.kvue.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.kvue.com/news/local/stories/062007kvuetwostepflop-eh.1fc9f352.html"><P>       As the Texas Lottery game the Texas Two Step appears to be going broke,        some are concerned that may ultimately lead to dipping into school funds        to pay the jackpots.     </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.kvue.com/news/local/stories/062007kvuetwostepflop-eh.1fc9f352.html"><P>       For the first time since 2002, the sales and reserve fund couldn't cover        Monday's $225,000 jackpot, which had two winners.     </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.kvue.com/news/local/stories/062007kvuetwostepflop-eh.1fc9f352.html"><P>       One North Texas lottery watchdog, Dawn Nettles of Garland, said she        calculates low Two Step sales will lead the state to look to school        funds to dole out the winnings. Her numbers have been right before.        Nettles tracks lottery games and money in an online newsletter called        www.LottoReport.com.     </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.kvue.com/news/local/stories/062007kvuetwostepflop-eh.1fc9f352.html"><P>       "Well, somebody is going to be shorted, the schools in this case," she        said. "It's just that simple."     </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.kvue.com/news/local/stories/062007kvuetwostepflop-eh.1fc9f352.html"><P>       But officials at the Texas Lottery says winners still get their payouts        and the school fund is never touched until reserves and an emergency        lottery account are tapped out.     </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.kvue.com/news/local/stories/062007kvuetwostepflop-eh.1fc9f352.html">       Nettles shook up the Texas Lottery in 2005 when she revealed it        advertised Lotto Texas jackpots higher than ticket sales.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/650BB294-DAD1-42DB-8246-BBE6AC1B6411/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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