February 25, 2014
The state is increasingly diverting lottery revenues from financial aid programs to help shore up the budget, as described in a Lexington Herald-Leader story today. Those dollars are coming from need-based financial aid programs at the same time budget cuts are driving up tuition.
By law, all but $3 million of lottery revenue goes to college financial aid programs (the $3 million is for literacy efforts). But since 2009, the state has diverted lottery revenues to fill in holes in the state budget. The amount diverted was $11 million the read more