Tennessee Lottery may run short on scholarship funds in 2006

Lottery Post — Thu, 06 May 2004 11:51:03 GMT

Tennessee's lottery could be short of money to fund college scholarships within a couple of years if current projections of lottery revenue are correct, an analysis by the state treasurer has found.By the end of the 2006 fiscal year, the scholarship fund will be $13 million in the red, and the shortfall will be larger in subsequent years, the treasurer's analysis shows.This means legislators may have to cut the amount given for scholarships or tighten eligibility so fewer students receive them,... [ More ]