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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFlorida bill would give $37M in educational funding to lottery RETAILERS
Florida bill would give $37M in educational funding to lottery RETAILERS
Dylan Abad
https://www.wfla.com/news/politics/florida-bill-would-give-37m-in-educational-funding-to-lottery-retailers/amp/
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TAMPA, Fla. (WFLA) A bill filed in the Florida House aims to cut nearly $37 million in funds provided to educational funding each year and instead award it to lottery retailers.
HB 715: Compensation of Lottery Ticket Retailers, filed by Republican Rep. Jim Mooney, aims to provide lottery retailers a slightly bigger slice of the earnings permanently increasing commissions from 5.75% to 6% for each ticket sold.
According to a House of Representatives Staff Analysis, the increase would account for roughly $37 million annually. Those funds would otherwise go to the states Educational Enhancement Trust Fund (EETF).
The Revenue Estimating Conference determined the bill will have a negative recurring impact to the EETF of $37.1 million in Fiscal Year 2023-2024, the analysis said.
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In It to Win It
(8,285 posts)applegrove
(118,793 posts)jimfields33
(15,965 posts)The lines are horrendous during peeks where they done even get a break. With that volume, machines need maintenance and replacement. Schools get property tax money on top of lottery funds.