.....Advertisement.....
.....Advertisement.....

Lottery bill is a bad gamble for students

-A A +A

By Kristina Fisher, Associate director, Think New Mexico

Responsible parents would never gamble with their child’s college savings account.
Yet that is precisely what the New Mexico Lottery is proposing to do with the Lottery Scholarship, which serves as the college fund for many New Mexico students from low- and middle-income families.
The New Mexico Lottery is attempting to pass Senate Bill 355, which would eliminate the requirement that a minimum of 30 percent of lottery revenues be dedicated to the scholarship fund. This requirement was enacted in 2007, based on a proposal by Think New Mexico.
Prior to that time, there was no minimum percentage that the lottery had to deliver to the scholarship fund. The lottery was required to dedicate at least 50 percent of revenues to prizes, but once that requirement was met, the lottery paid its operating costs and sent whatever was left over to the scholarship fund.
As a result, scholarships received an average of only 23.76 percent of lottery revenues a year from 1997-2007.
Fortunately, the legislature enacted the 30 percent requirement, and it has resulted in an additional $9 million a year going to the scholarship fund.


If you subscribe to the newspaper, you receive FREE access to all the exclusive content of the web site! Simply register to receive uninterrupted access to our award-winning and in-depth local online content!

Renew Current or Past Subscription / Register for Online Subscription

If you currently subscribe or have subscribed in the past to the Los Alamos Monitor, then simply find your account number on your mailing label and enter it below.

Click the question mark below to see where your account ID appears on your mailing label.

Newspaper Acct. ID:
info
Street Address:
(exactly as it appears on the label)

If you are a subscriber and you do not know your account ID or don't have a copy of your newspaper available that shows the information on the address label you can click continue below to search for your account.

Special Offer

You have used all your free page views for the month however if you wish to create a FREE limited access account you will be able to view a additional 3 pages per month.




You can also purchase a subscription and have full access to the site. To purchase a subscription simply enter your zipcode below

ZIP Code:

Los Alamos Monitor | lacirculation@lamonitor.com | 505-662-4185
256 DP Road, Los Alamos, NM 87544
Office Hours are 8:00 a.m. to 5:00 p.m., Monday through Friday