NC Lottery to Fall Short of Forecast Education Rake
The state lottery will likely miss its target of raising $425 million for education programs set by Gov. Mike Easley and legislative leaders, according to a draft of the lottery's budget. The state lottery commission is expected today to adopt its plan for the coming year, which includes forecasts of what the games will generate. The lottery commission's Finance Committee met late Monday with lottery director Tom Shaheen and then lowered sales projections.
The commissioners agreed on a forecast of generating $401 million for education, about 6 percent less than what Easley and lawmakers have expected and outlined in their own budgets. Instead of generating $1. 2 billion in its first year of sales, the commissioners now project that the lottery will fall short of that by about $50 million.
June 13, 2006
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com
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