LANSING, Mich. (AP) – The Michigan Lottery has raised more than $1 billion for public schools for the first time.
The lottery announced Wednesday that it contributed more than $1 billion to the school aid fund in the last fiscal year.
That’s a $129 million boost over the prior year. It’s the largest one-year increase in the lottery’s 47-year history and the fifth straight year of record-setting contributions to the school fund.
The fund also is funded with sales and use taxes, income taxes, property taxes, some federal funds, cigarette, liquor and other taxes.