Tenn. delays spending lottery funds

Lottery Post — Thu, 01 Jul 2004 12:12:23 GMT

Tennessee Governor Phil Bredesen said Wednesday that the spending of lottery dollars on early learning and after school programs won't occur until next year.The upstart Tennessee Education Lottery Corporation (TEL) after only five months ended the fiscal year Thursday with more than $120 million in net ticket proceeds, earning what was needed to fund the full $88 million in college scholarships expected in the fall semester.However, Bredesen says the state would likely wait until final estimates... [ More ]