Loading ...Another Bet on the Lottery
State Senator Luke Kenley (R-Noblesville) is getting ready to unveil his Lottery privatization plan. Under his proposal, which will be formally announced tomorrow, it would dedicate $600 Million to a life science fund that could be used at all Indiana public and private colleges. That fund would be overseen by the Indiana Department of Economic Development. The other $400 million would go towards awarding 1000 merit–ased scholarships with a minimum of one scholarship to every high school per year in the state. The funds would available to students in both public and private schools and dedicated toward “critical need” professions such as nursing and math and science. Students who get the scholarship would have to agree to stay in Indiana for three years or pay the money back. The scholarships would also be merit-based so a student in need who is not getting a scholarship would be a prime candidate.
February 15th, 2007 at 9:26 am
I haven’t been following the lottery privatisation debate, but here’s what I’d love to see:
How much annual revenue does the Indiana lottery currently bring into the state? I don’t care where it goes at this point - just how much is brought in per year.
How much is the lottery going to be sold for, and how much money will Indiana recieve (if any) per year from the lottery after it is sold.
What I want to see is how much money the lottery earns for Indiana over 20 or 30 years in comparison to how much profit will be made from it’s sale. If anyone has those figures or has time to dig them up I would be extremely grateful.
February 16th, 2007 at 5:52 am
Kenley isn’t someone for whom I’d ever vote, and I’m not sure about privatization…but he continues to show the most brains in the entire Republican legislative crowd. This is innovative.
He may have to make flash cards if it makes it over to the House. Woody Burton, Vern Tincher, et al can’t figure it out unless its monosyllabic.