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 such a move could increase lottery sales and create a larger revenue stream for the program.
However, a Santa-Fe based think tank, whose 2006 study led state lawmakers to set the minimum, says the move would only put more money in the pockets of lottery administrators.
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.
Think New Mexico says the lottery could increase sales by reducing overheard, but lottery officials say they have nowhere to cut.
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Information from: Albuquerque Journal, http://www.abqjournal.com
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