Mar 20, 2010, 1:15 pm

LOTTERY AND SCHOOLS

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NANA OF ONE
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    I WOULD LIKE SOMEONE TO TELL ME WHAT HAPPEN TO ALL THE LOTTERY MONEY AND CASINO MONEY HAS WENT.WAS'NT IT PASSED IN INDIANA TO HELP OUR KIDS.



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just4fun
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Maybe that would be a good question for our governor to answer. I am guessing that they "found" a new way to spend that money.


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just4fun
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I just figured out the answer, you are upset because you spend so much money scratching off of the lotto tickets and watching your money go in the trash can, you want to know who you are supporting?


You never know when a moment and a few sincere words can have an impact on a life.

NANA OF ONE
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  MAYBE !

just4fun
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So does that mean you are saving your $1 winners for me to take in for you?


You never know when a moment and a few sincere words can have an impact on a life.

NANA OF ONE
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 SOME ONE TELL ME SOMETHING

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Daniels Ad Reality Check

Mitch Daniels is at it again with his misleading campaign commercials. This time he’s claiming that the Hoosier Lottery was always intended to pay for education.

But an investigation by WISH-TV shows that’s not true, according to the creators of the lottery:

The bill devoted the profits to construction projects through what was known as the Build Indiana Fund. Then-governor Evan Bayh advanced the idea in his State of the State address that year and the legislature approved it.

It might seem like a small fib, but it’s important. That misleading statement is Mitch’s excuse for his scheme to sell the Lottery in another budget shell game. The reality is that this is just a new way to get revenues into corporate coffers, instead of taxpayer pockets where they belong.

Source:  http://mitchrealitycheck.com/tag/hoosier-lottery/  

 

I found nothing relating the casinos to direct revenue expected for education.


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NANA OF ONE
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  THANK YOU!!!  BARD

Bard
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welcome, nana


“If you treat an individual as he is, he will stay as he is; but if you treat him as if he were what he ought to be and could be, he will become what he ought to be and could be.” ~ Johann Wolfgang von Goethe


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Quote:
The Hoosier Lottery began with a $6 million investment from the state in 1989, after approval of a voter referendum the previous year. That seed money was repaid with interest in less than a year. Net proceeds of the Hoosier Lottery are transferred annually to the Indiana State Treasurer, who in turn deposits a set amount into the Indiana State Teachers’ Retirement Fund and the Police Officers’ and Firefighters’ Pension and Disability Fund. The remaining balance goes to the Build Indiana Fund. Since the Lottery’s inception, $2.4 billion has been distributed to the Build Indiana Fund, $553 million to the Indiana State Teachers’ Retirement Fund, and almost $365 million to the Police Officers’ and Firefighters’ Pension and Disability Fund. For each of the last three years, net proceeds to the state have exceeded $200 million.

 

Where the money goes from the in.gov website

http://in.gov/hoosierlottery/where_money_goes/FY08HLotAnnualReport.pdf

 

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I see where they get the 'education' illusion from.  The lotto players are making sure that the teachers are taken care of once they retire.  This is causing me to raise an eyebrow.

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