Michigan Lottery contributes $1B to school fund for 1st time

Michigan Lottery_147946

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.

Copyright 2021 Nexstar Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Michigan Headlines

More Michigan

StormTracker 6 Radar