Greensboro, NC -- Even without this news, school districts need to still make budget cuts including teacher pay reduction and furloughs. Many of you asked us about the money from the North Carolina Education Lottery.
The commercials say more than a billion dollars have transferred to schools, and though that's true, that money is broken down between more than a hundred school districts in the state.
Here is how it works. At least 50% of the lottery earnings go to pay off prizes. 15% goes to administration of the lottery and retailer commission. And approximately 35% of every dollar goes to education.
Now out of the education percentage:
- 50% goes to reduction of class sizes
- 40% is for school construction
- 10% goes to college scholarships
What does this mean for our local schools for fiscal years 2007 and 2008.
- Alamance County got $10.9 million
- Forsyth County got $33.5 million
- Guilford County got $52.6 million
Compare that to the budget for GCS, it's just a small portion of the $1.2 billion over the same time frame.
Last year 2 Wants to Know found the lottery commission put a larger percentage to prize money and only 32.6% went to education.
A spokesperson for the lottery said the law allows them to do that and they increased prize payouts to increase sales so in the end schools did get more money.
WFMY News 2