Search

Dispute erupts over use of Tennessee lottery fundsNews Story
Tennessee State Sen. Steve Cohen Thursday attacked Gov. Phil Bredesens pre-kindergarten initiative, saying the use of lottery money to fund the program is illegal and unconstitutional.Cohen (D-Memphis), the chief legislative architect of the state lottery, accused the administration of bringing intentionally low lottery projections to the legislature in 2003 numbers that ultimately led to the substantial surplus now available, he said.Bredesen called Cohens remarks astonishing.The lottery was de
Feb 4, 2005, 11:27 am - Todd - Lottery News

Tennessee grants fewer lottery scholarships than projectedNews Story
Tennessee's HOPE scholarship program gave out fewer grants in its first year than state officials had expected.Some 30,000 Tennessee students attending college in-state this fall received the lottery-funded scholarships.But at one point it was projected that as many as 45,000 students would receive grants from the new scholarship program.Officials said the estimate was too high because it relied on inaccurate federal government projections of the number of high school graduates in the state.Also
Nov 30, 2004, 7:26 am - Todd - Lottery News

Lottery Scholarship Prog Rules
The Tennessee Student Assistance Corporation is a federal guaranty agency and is Tennessee's designated agency to administer financial aid programs designed to assist students obtain a post secondary education at colleges, universities, technical and career schools.http://www.tennessee.gov/tsac/
Sep 5, 2004, 9:36 pm - teaparty - Lottery Discussion Forum

Georgia to scale back lottery-funded HOPE programNews Story
The nation's most sweeping lottery-funded scholarship program was reined in Wednesday by Georgia lawmakers, who trimmed the popular HOPE scholarships out of fear they will soon cost more than lottery revenues can provide.The scholarships which cover books, fees and tuition for B students at state schools will get new qualification rules in response to warnings the program is growing out of control.The scholarships cost $21 million in 1993, the first year. This school year, the state expects to s
Apr 8, 2004, 6:02 am - Todd - Lottery News

Special projects shrink lottery proceedsNews Story
Almost $1.8 billion worth of Georgia lottery proceeds that could have gone for HOPE scholarships has instead been spent on a long list of other projects, including museums, security fences and metal detectors, and renovations of historic buildings.And millions are still being spent for special scholarship programs that benefit a few private colleges favored by powerful lawmakers.Now, with HOPE facing a shortfall and a state commission looking for ways to rein in expenses, some officials wonder w
Nov 11, 2003, 5:00 am - Todd - Lottery News

Arkansas lottery bill nearly ready for reviewNews Story
When lawmakers finally get their hands on the bill to create the Arkansas lottery, they may want to find a comfortable chair they'll be reading for a while. When it's filed, you will understand why it's taken so long, House Speaker Robbie Wills said in an interview in his office. It's going to be over 100 pages. Wills filed a shell lottery bill in the House before the session started, after voters overwhelmingly approved a constitutional amendment to create a state lottery to fund colleg
Feb 2, 2009, 3:24 pm - Todd - Lottery News

Arkansas Lottery marks 5th anniversaryNews Story
With over 150,000 Arkansas students awarded almost half a billion dollars in lottery-funded Academic Challenge Scholarships, the Arkansas Scholarship Lottery is celebrating five full years of big wins and big opportunities as an engine for higher education and an educated, higher-earning workforce. Before that first ticket was bought at 12:01 a.m. on September 28, 2009, we could only guess at what this lottery could do for our state, Arkansas Scholarship Lottery Director Bishop Woosley said.
Oct 7, 2014, 9:25 am - Todd - Lottery News

New Mexico lawmakers introduce bill to end lotteryNews Story
Lawmakers cite concerns over gambling-funded education By Kate Northrop A bill introduced to New Mexico state legislature proposed the idea of ending the New Mexico Lottery entirely. Lawmakers in New Mexico are discussing a bill that may shut down the state lottery, citing concerns about where money for the state's scholarship fund comes from. We're funding education through gambling, State Representative Matthew McQueen (D) said. Bipartisan House Bill 369, if passed, will en
Feb 21, 2023, 6:46 am - Todd - Lottery News

Senator says Tenn. lottery scholarship fund in troubleNews Story
Tennessee Senate Minority Leader Jim Kyle, D-Memphis, is urging lawmakers to deal with the state's insolvent lottery-funded college scholarship fund. Sen. Kyle's comment came after a Senate panel refused to adopt his plan to plug a $13 million program shortfall. This is the first step to reducing scholarships and denying accessibility for thousands of Tennessee students who depend on the lottery scholarship as their sole opportunity to attend college, Sen. Kyle said in a news release Thur
Apr 9, 2010, 9:18 am - Todd - Lottery News

Tenn. lottery scholarships outstrip revenue; day of reckoning loomsNews Story
A day of reckoning is coming for students and parents over Tennessee's lottery scholarships that could result in tightened eligibility, reduced scholarship awards or both. After more than five years of steadily expanded eligibility and grant amounts, the annual cost of the program is outstripping the net revenue produced by the lottery. If no action is taken, that funding gap is now expected to overtake the lottery reserves some $385 million built up in the lottery's booming early years an
Dec 21, 2009, 9:54 am - Todd - Lottery News