Colorado Lottery trims costs by nearly $1 million
Posted: 11/26/2004 12:18:13 PM
A year after a state audit criticized spending at the Colorado Lottery, the agency has cut nearly $1 million from its budget by revamping its marketing, eliminating jobs and other measures.
Lottery director Petty Gordon, who replaced Mark Zamarripa in January, said Monday she scrutinized all agency expenses to come up with $975,000 in cuts.
The agency saved $454,00 by doing some of its own marketing, $287,000 by buying fewer scratch-off tickets and $164,000 by eliminating two redundant director jobs.
Other savings came from buying cheaper office supplies and equipment, curtailing travel and canceling magazine subscriptions.
The Lottery's budget this year is $352 million. Gordon's savings won't help the overall state budget because the Lottery is funded entirely by ticket sales. Revenue goes to open space, outdoor recreation and school construction.
Source: AP
