Wednesday, August 20, 2014

Lottery scales back 2015 budget by $3 million net

Posted By on Wed, Aug 20, 2014 at 2:04 PM

The legislature's delay — and likely future termination — of an Arkansas Lottery plan to begin quick-draw video games akin to keno has forced a reduction in the lottery's budget for the fiscal year ending June 30, 2015.

Following director Bishop Woosley's recommendation, the Lottery Commission approved a revised budget that anticipates about $78 million for net scholarship revenue for the year, down from $81 million. Gross revenue was reduced from about $429 million to $416 million.

The legislature could authorize video games by the lottery at the regular legislative session, but the opposition that forced the lottery to pull back from a plan to have the games underway by September suggests that could be hard struggle. The lottery began in 2009 and its net for scholarships has been as high as $100 milllion in a year. Scholarship amounts have been cut as the net has decreased. The value of the scholarship has dropped from $5,000 a year to $2,000 for four-year-college enrollees.

Here's the revised budget, which will be reviewed by a legislative oversight committee iater (not tomorrow as originally written).

Tags: , ,

Favorite

Speaking of...

Comments

Showing 1-1 of 1

Add a comment

 
Subscribe to this thread:
Showing 1-1 of 1

Add a comment

More by Max Brantley

  • UPDATE: Metroplan signs off on waiver for Concrete Gulch

    UPDATE: The Metroplan board has voted with scant opposition to waive the existing six-lane limit on area freeways so that the highway department may build a 10-lane concrete gulch through the heart of Little Rock. Leslie Newell Peacock will be back with more after a while. A grassroots group presented spirited opposition, all ignored.
    • Aug 31, 2016
  • One dead in crash at Bentonville airport

    The pilot of a small plane was killed when his plane crashed into a hangar on takeoff this morning at the Bentonville Municipal Airport, KNWA reports.
    • Aug 31, 2016
  • Debtors' prisons are for kids, too, including in Arkansas

    A new report from the Juvenile Law Center says kids are being incarcerated nationwide for failure to pay juvenile court-related costs — debtors' prison for kids. The system, which exists in Arkansas, is rife with racial disparities and encourages recidivism, the report says.
    • Aug 31, 2016
  • More »

Readers also liked…

  • School Board president responds to LR Chamber attack

    Little Rock School Board President Greg Adams has distributed a response to a widely circulated message from the Little Rock Regional Chamber of Commerce urging a state takeover of the Little Rock School District. The state Board of Education takes up the issue Wednesday.
    • Jan 25, 2015
  • Little Rock School lawyer lays out case for preserving local control

    Chris Heller, lawyer for the Little Rock School District, has prepared a memo outlining for the state Board of Education what the district intends to do to correct academic deficiencies at six schools and, not incidentally, preserve local control of the district.
    • Jan 22, 2015
  • Jason Rapert vs. Wikipedia

    Sen. Jason Rapert against the world: Wikipedia edition.
    • Jan 23, 2016

Most Shared

  • The South, including Arkansas, is failing poor kids who want to go to college

    The Atlantic has an important perspective on the South's "cycle of failing higher education."  Arkansas stands out for the cost barriers it presents to low-income students.
  • School takeovers erode democracy, target minority communities

    New reporting shows state takeover of schools around the country, including in Little Rock, have disproportionately affected minority communities.
  • The boys on the tracks are back

    A lawsuit filed Thursday in federal court in Little Rock bears notice for its effort to breathe life into the 29-year-old story most familiarly known as the Boys on the Tracks.
  • Arkansas legislator tied to fatal bus crash in Louisiana

    Republican state Rep. David Wallace of Leachville, a current candidate for state Senate, has been identified as the owner of a company that rounded up a group of workers, apparently undocumented aliens, for flood relief work in Louisiana, including one with a poor driving record who was at the wheel in a fatal bus crash on Interstate 10.
  • Dumas: Behind the Obamascare headlines

    Ernest Dumas explains in his Arkansas times column this week how Obamacare's problems can be fixed; why it isn't going away, and, most pertinently, why it's more lucrative for Arkansas to continue to expand the coverage pool, not dream up ways to shrink it.

Most Viewed

  • Arkansas legislator tied to fatal bus crash in Louisiana

    Republican state Rep. David Wallace of Leachville, a current candidate for state Senate, has been identified as the owner of a company that rounded up a group of workers, apparently undocumented aliens, for flood relief work in Louisiana, including one with a poor driving record who was at the wheel in a fatal bus crash on Interstate 10.
  • Legislature subpoenas judge to testify about child custody decisions.

    The Legislative Joint Performance Review Committee has subpoenaed Circuit Judge Patricia James, who handles juvenile cases in Pulaski and Perry County, to testify to explain her child custody decisions. It's another example of a power-mad, out-of-control legislature.
  • The National Anthem and sporting events: Why?

    For your consideration: A New York Times article that delves into the American tradition of playing the national anthem before sporting events.
  • Former Arkansan, Noelle Nikpour, finishes last in Florida congressional primary

    Noelle Nikpour, a sometime-Republican commentator on cable TV and a former Little Rock resident, got 1 percent of the vote for a last-place finish in a six-way Republican primary race for Congress from Florida's 18th District.
  • Leadership changes announced at DHS

    I've been asking DHS for two days about reports that Dawn Stehle was being elevated at DHS to the deputy director's job being vacated by Mark White. The non-response was telling. The news release is even more telling of the unhappy Republicans that tipped me on this change in the first place.

Most Recent Comments

Blogroll

 

© 2016 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation