Lottery sends $18.9 million to education in first transfer - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Lottery sends $18.9 million to education in first transfer

MISSOURI (KFVS) -

The Missouri Lottery made its first transfer of fiscal year 2018 July 14th by sending $18.9 million in profits to public education. The July transfer of $18,940,088 is based on sales in June.

Since Missouri Lottery sales started in 1986, the Lottery has generated more than $5.7 billion for the state and public education. Annual Lottery proceeds comprise about 4 percent of the state’s funding for public education – an effort shared by local, state and federal governments.

Prior to each fiscal year, the Lottery averages the most recent five years’ profits for a “benchmark” and increases that amount by 1 percent to arrive at a prudent goal for the next fiscal year.

Programs currently funded in FY18 include the A+ Scholarship Program, the Foundation Program and Access Missouri, among many others.

Download the KFVS News app: iPhone | Android

Copyright 2017 KFVS. All rights reserved.

  • Heartland NewsMore>>

  • First Alert: Temps much cooler today, more rain possible

    First Alert: Temps much cooler today, more rain possible

    Friday, June 22 2018 6:52 AM EDT2018-06-22 10:52:44 GMT
    There could be rain in the future for the Northern counties (Source: KFVS)There could be rain in the future for the Northern counties (Source: KFVS)
    There could be rain in the future for the Northern counties (Source: KFVS)There could be rain in the future for the Northern counties (Source: KFVS)

    Laura Wibbenmeyer says the cooler weather will stick around today because clouds and rain showers will rotate through.

    Laura Wibbenmeyer says the cooler weather will stick around today because clouds and rain showers will rotate through.

  • What you need to know June 22

    What you need to know June 22

    Friday, June 22 2018 5:24 AM EDT2018-06-22 09:24:32 GMT
    The chance of scattered showers and thunderstorms will be possible. (Source: Pixabay)The chance of scattered showers and thunderstorms will be possible. (Source: Pixabay)
    The chance of scattered showers and thunderstorms will be possible. (Source: Pixabay)The chance of scattered showers and thunderstorms will be possible. (Source: Pixabay)

    Good Friday morning, it is June 22. First Alert Forecast There will be a cooler start to the day with many of us waking up in the 60’s. 

    Good Friday morning, it is June 22. First Alert Forecast There will be a cooler start to the day with many of us waking up in the 60’s. 

  • What you need to know June 21

    What you need to know June 21

    Friday, June 22 2018 5:22 AM EDT2018-06-22 09:22:39 GMT
    Rain could be coming our way (Source: Pixabay)Rain could be coming our way (Source: Pixabay)

    Good morning, it is Thursday, June 21. First Alert Forecast Scattered rain this morning will push out of the area.

    Good morning, it is Thursday, June 21. First Alert Forecast Scattered rain this morning will push out of the area.

Powered by Frankly