Mentor Schools CFO: Record Lottery Sales Not Trickling Down To Local Districts
The CFO for Mentor Schools said the funding for schools from the state remains the same despite record lottery sales
A recent Associated Press article touted how record lottery sales in the state of Ohio would boost the payout to public schools. However, Mentor Schools' CFO Daniel Wilson said more money spent on the lottery will not mean more money for public school districts. "The excess profits are not distributed to the local school districts individually," Wilson said. "It goes to the state general fund." From there, the state has two choices. It can choose to bump the overall amount of money the schools get or simply use the additional lottery funds to offset money they would have given the schools either way. "What the article stopped short of saying is 'this is good for the state revenue fund but it doesn't make a difference for the individual …
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Mary Jo Stack
9:21 am on Thursday, July 19, 2012
I have been trying for years to educate parents on this issue. And I got angry recently when an article was posted on the NH website concerning more money for the lottery meaning more money for schools. I posted a reply explaining that it was not true. The article then disappeared from their site. This is one of those things that must be reported over and over, until people understand. Thank you … more ›