Many places statewide are reaping the rewards.
Net proceeds to education from the state lottery (about 35 percent of all lottery dollars, as specified by the State Lottery Act) are already strictly earmarked for specific purposes when they’re collected, according to the N.C. Education Lottery Web site. Ninety-five percent goes to education, with the other five percent stored in the Education Lottery Reserve Fund as a fallback in case lottery proceeds fall short of target. That fund can’t grow larger than $50 million.
The state’s Office of State Budget and Management distributes the rest of the money. Fifty percent is used for reduction of class size ratios to 18 children per teacher in early grades, and for pre-K programs for at-risk 4-year-olds. Another forty percent goes to school construction, which is distrubted according to total school enrollment per county and average effective county property tax rates above the state average based on school enrollment. The remaining ten percent is used for federal Pell Grant college scholarships that can be used at North Carolina public and private universities and community colleges.
Locally, New Hanover County Schools received a little more than $5.5 million in the 2008 fiscal year, according to charts on the lottery Web site. Brunswick County Schools got just under $2.9 million in 2008, and Pender County Schools a little over $1.6 million.
Here’s a local breakdown:
New Hanover County Schools has received a total of $4,293,937 in lottery revenue.
The projects funded with lottery money in 2008-09 were:
* replacing the gym floor at Roland-Grise Middle School,
* seclusion rooms at seven schools,
* covering 2007-08 debt service on 2005 bonds,
* structural repairs to Lakeside High School,
* electrical upgrades to Laney and Hoggard high schools,
* replacing the HVAC system in the Hoggard High School band room,
* replacing doors and frames at Howe Early Childhood Education Center,
* stage floor repairs at New Hanover High School,
* building replacement at the Snipes School of Arts and Design, the largest project, which received $2,617,100 in lottery funds.
Date posted: July 2, 2009
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