New Mexico lawmakers are scheduled to get an update on the solvency of the state lottery scholarship program.
The Legislative Revenue Stabilization and Tax Policy Committee is slated to meet Thursday in Santa Fe to hear the status of the popular program that has come under financial scrutiny.
Changes to the scholarship program were enacted earlier this year to shore up its finances because tuition increases and demand for the financial assistance had grown faster than lottery proceeds.
Lawmakers also earmarked a portion of liquor tax money to keep the program solvent temporarily.
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