Powerball Revenue Helping Missouri's Schools at Modest Levels

4 years 1 week 1 day ago November 30, 2012 Nov 30, 2012 Friday, November 30 2012 Friday, November 30, 2012 5:51:00 PM CST in News
By: Danny Spewak

JEFFERSON CITY - The two dollars you wasted losing the lottery this week may be good for something after all.

The sharp increase in Powerball ticket sales - spurred by the allure of a record $588 million jackpot -- translates to about $8.7 million in revenue for public education in Missouri, according to Susan Geodde of the Missouri State Lottery. That's hardly a noticeable amount with more than $3 billion budgeted for K-12 education in fiscal year 2013, but the Department of Elementary and Secondary Education won't complain about additional funding.

Although Sarah Potter, a communications coordinator for the department, would not speculate as to how the state legislature would allocate the money, she said it could help "fill the gaps." For example, it could potentially help restore some of the programs Gov. Jay Nixon cut this summer, including tutoring programs in Kanas City and St. Louis and an Early-Grade Literacy program. Nixon said he cut those programs in order to make up for a predicted budget shortfall, which he blamed on poor projections by the general assembly. In June, he said the legislature saddled him with a $50 million shortfall and disagreed with lawmakers' assumptions that lottery funds would total $35 million.

On Friday, budget director Linda Luebbering told KOMU 8 News the lottery totals are far behind that mark right now. She said she will not know for another month or so how this week's Powerball revenue impacts that number.

In terms of the $8.7 million, however, the state could also use some of the modest funding for school transportation. Potter said those costs continue to increase every year.

Overall lottery funds often make up a decent portion of education funding in Missouri, regardless of this week's single Powerball payout. Potter said 16 percent of her department's funding comes from the lottery.

"Hopefully, that extra boost is going to cover some of those increasing costs," Potter said. "I think because the state foundation formula has been underfunded, you've really placed a lot of the burden on local districts and local municipalities to make up the difference."

Potter is referring to the fact that while the state funded K-12 education at record levels in fiscal year 2013, it still falls short of Missouri's funding formula.

"That's really one of the biggest initiatives coming into the legislative year that we need to focus on," Potter said. "In some places like Columbia, you've seen taxes go up because the state wasn't able to fully fund the formula."

 

More News

Grid
List
MOBERLY - A Moberly Police Officer attempted to stop a vehicle near Logan Street and Morley Street after learning it... More >>
3 hours ago December 08, 2016 Dec 8, 2016 Thursday, December 08 2016 Thursday, December 08, 2016 8:22:00 PM CST in News
COLUMBIA - The Columbia Fire Department responded to a person on fire at 3201 Creasy Springs Road, Bear Creek Trail... More >>
4 hours ago December 08, 2016 Dec 8, 2016 Thursday, December 08 2016 Thursday, December 08, 2016 7:40:00 PM CST in News
COLUMBIA – Several residents living on Ridgefield Road attended the Planning and Zoning Commission Thursday night to express their concerns... More >>
4 hours ago December 08, 2016 Dec 8, 2016 Thursday, December 08 2016 Thursday, December 08, 2016 7:37:00 PM CST in News
COLUMBIA - Local groups decorated duffel bags and filled them with presents to donate to children with chronic illnesses this... More >>
4 hours ago December 08, 2016 Dec 8, 2016 Thursday, December 08 2016 Thursday, December 08, 2016 7:27:00 PM CST in News
COLUMBIA - With temperatures falling into single digits, winter weather has arrived in Columbia. But not everybody has a place... More >>
5 hours ago December 08, 2016 Dec 8, 2016 Thursday, December 08 2016 Thursday, December 08, 2016 6:49:00 PM CST in News
COLUMBIA – Drivers should think about checking their headlights because the Insurance Institute for Highway Safety (IIHS) announced headlights were... More >>
5 hours ago December 08, 2016 Dec 8, 2016 Thursday, December 08 2016 Thursday, December 08, 2016 6:46:00 PM CST in News
JEFFERSON CITY (AP) — Missouri's Republican Gov.-elect Eric Greitens spent more on his campaign than what's been spent total on... More >>
5 hours ago December 08, 2016 Dec 8, 2016 Thursday, December 08 2016 Thursday, December 08, 2016 6:06:55 PM CST in News
ST. LOUIS (AP) — Two men have pleaded guilty to the $2 million robbery of an armored car, an inside... More >>
6 hours ago December 08, 2016 Dec 8, 2016 Thursday, December 08 2016 Thursday, December 08, 2016 5:17:47 PM CST in News
JEFFERSON CITY (AP) — T he Missouri Supreme Court has struck down a law that denies bail to criminal defendants... More >>
6 hours ago December 08, 2016 Dec 8, 2016 Thursday, December 08 2016 Thursday, December 08, 2016 5:12:55 PM CST in News
KANSAS CITY (AP) — Colleges that expel students whom they suspect of sexual assault are being asked to specify the... More >>
6 hours ago December 08, 2016 Dec 8, 2016 Thursday, December 08 2016 Thursday, December 08, 2016 5:08:29 PM CST in News
ST. LOUIS (AP) — A suburban St. Louis man has been sentenced to more than eight years in prison for... More >>
6 hours ago December 08, 2016 Dec 8, 2016 Thursday, December 08 2016 Thursday, December 08, 2016 5:05:21 PM CST in News
ROLLA (AP) — A building at Missouri S&T was evacuated after a fire broke out on the building's roof. ... More >>
6 hours ago December 08, 2016 Dec 8, 2016 Thursday, December 08 2016 Thursday, December 08, 2016 5:03:30 PM CST in News
COLUMBIA - Healthcare has not changed since the election and experts say there is no need for people to think... More >>
8 hours ago December 08, 2016 Dec 8, 2016 Thursday, December 08 2016 Thursday, December 08, 2016 3:22:48 PM CST in News
COLUMBIA - The Columbia Police Department is investigating a string of five vehicle break-ins at three different fitness centers around... More >>
9 hours ago December 08, 2016 Dec 8, 2016 Thursday, December 08 2016 Thursday, December 08, 2016 2:45:00 PM CST in News
JEFFERSON CITY - Tobacco Free Missouri Youth (TFMY) gathered in the capitol Thursday to raise awareness for its campaign to... More >>
9 hours ago December 08, 2016 Dec 8, 2016 Thursday, December 08 2016 Thursday, December 08, 2016 2:16:00 PM CST in News
COLUMBIA - It’s the most wonderful time of the year, but for families living below the poverty line, the holiday... More >>
9 hours ago December 08, 2016 Dec 8, 2016 Thursday, December 08 2016 Thursday, December 08, 2016 1:56:00 PM CST in News
COLUMBIA- As of Thursday morning, MU is advising all students who have not contracted the mumps to receive a third... More >>
10 hours ago December 08, 2016 Dec 8, 2016 Thursday, December 08 2016 Thursday, December 08, 2016 1:39:00 PM CST in News
KANSAS CITY (AP) — An appeals court says a man serving a 260-year sentence in a Kansas child pornography case... More >>
11 hours ago December 08, 2016 Dec 8, 2016 Thursday, December 08 2016 Thursday, December 08, 2016 11:54:49 AM CST in News
Columbia, MO
Broken Clouds 19°
12am 17°
1am 16°
2am 15°
3am 14°

Select a station to view its upcoming schedule:

Coming Up Next

11:05p
The Tonight Show Starring Jimmy Fallon
12:07a
Late Night with Seth Meyers
1:07a
Last Call with Carson Daly
11:30p
Rules of Engagement
12:00a
Raising Hope
12:30a
Cheaters

Tonight's Schedule

6:30p
Football Night in America
7:20p
Thursday Night Football
7:00p
DC's Legends of Tomorrow
8:00p
Supernatural
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld