ALBUQUERQUE - The head of New Mexico's lottery system wants the state Legislature to cut the 30 percent minimum it is required to provide in revenues to the college scholarship program, noting that such a move could increase lottery sales and create a larger revenue stream for the program.
However, the Albuquerque Journal reports that the head of a Santa Fe-based think tank says such a move would only put money in pockets of lottery vendors and system administrators, not enriching the scholarship programs the lottery was intended for.
The Legislative Lottery Scholarship program provides tuition money for students at state-funded institutions. The New Mexico lottery system says it has raised more than $610 million for education.
Source: Associated Press