Florida Gov. Rick Scott: More Lottery Money Going To Education
“Today’s news that the Florida Lottery will invest more
than $1 billion for Florida’s education system means more students will
have the opportunity to get a quality education," Governor
Scott said. "The Lottery’s education
investments build on our success last session to increase state
education investments by more than $1 billion and provide teachers with a
well-deserved pay raise.”
According to the Florida Lottery website, the Lottery has contributed
more than $1 billion annually
for the
past eleven
consecutive
fiscal
years. Last year, the amount transferred to the EETF was $1.31 billion. During that same year, Brevard County received $6.7 million for K-12 while $4.6 million went to Brevard Community College.
Lottery officials say that the Lottery constantly evaluates its operating
expenses in order to maximize profits, a practice that has resulted in
the Lottery having one of the lowest expense rates among domestic
lotteries.
“The
Lottery’s sole mission is to sell tickets to generate additional
funding for education. We are extremely proud to be able to transfer
this unprecedented amount to the Education Enhancement Trust Fund this
year,” said Florida Lottery Secretary Cynthia O’Connell. “On behalf of
the entire organization, we thank our players and our retailers for
making this, such an exceptional year.”
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