
The fact is the lottery has a surplus of funds just sitting around. So much so there was legislation last year to make the lottery a lending institution for school systems wanting to make capital improvements. The legislature ensures there is a surplus by keeping those scholarships on the low end so that other pet projects (pre-K for one) can be funded.
If she really wants to free up money for students, she should consider starting with the administrator's salary. Don't let those billboards (now there's an expense that could be eliminated) touting the amount of money that has gone to students fool you. It's only 1/3rd of the revenues. See 2/3rds For the Students
In talks of renewing the contract, the media markets in Nashville and Memphis would not enter into a contract extension under the current terms, Hargrove said, and wanted more. She said they were no longer willing to pay for production costs, and Memphis television stations wanted $12,000 a week to air the drawings. Striking a new television contract for the ball drawing would cost an estimated $4.8 million annually, about a $4.5 million increase, lotto figures show. City Paper
And so now, having pandered to the gambling industry to bring the lottery to Tennessee through all their positive lottery puff pieces before the vote to enact it, television stations are now looking for their cut of this very lucrative business. It's payback time.
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