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Sponsors
1 Co-sponsor
History
- Referred to ways and means
Full text
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Sponsor's memo
BILL NUMBER:A10528
Title of bill
An act to amend the state finance law, in relation to the distribution of moneys realized from the state lottery
Purpose or general idea of bill
To insure that the state lottery solely dedicates its funds to educa- tion, and are not calculated into state revenues when arriving at aid to education. This bill will also set aside two and one-half percent of all lottery funds, taken from administration costs, to be given to all muni- cipalities outside of New York city.
Summary of specific provisions
Subdivision 4 of section 92-C, paragraph e, stipulates that state lottery funds shall be paid to aid education in addition to any other funds already appropriated for education The fifteen percent of lottery funds retained by the lottery agents shall be reduced to twelve and one-half percent. The two and one-half percent is to be distributed proportionately to all cities, towns, and villages with a population less than one million people.
Justification
The state lottery was instituted to provide additional aid for education in New York State. However, the revenue collected from the lottery has been already estimated in calculating the aid which education is enti- tled to receive. Lottery revenues are added to the states general fund and simply contribute to the overall aid level. Fifteen percent has been allocated for sales agents, vendors fees, and for day-to-day oper- ations. However, these expenses have been estimated to cost only eleven and one-half percent of the overall lottery fund. Instead of the gener- al budget receiving the extra income, state municipalities shall receive this income. This would prevent the need for these municipalities to start their own individual lotteries, while providing additional income to offset the loss of other sources of state funding.
Prior legislative history
2008: A.5688; Held for consideration in Ways and Means 2007: A.5688; Referred to Ways and Means 2006: A.3846; Referred to Ways and Means 2005: A.3846; Referred to Ways and Means 2004: A.2226; Held for consideration in Ways and Means 2003: A.2226; Referred to Ways and Means 2002: A.3109; Held for consideration in Ways and Means 2001: A.3109; Referred to Ways and Means 2000: A.2773; Held for consideration in Ways and Means 1999: A.2773; Referred to Ways and Means 1998: A.3240; Held for consideration in Ways and Means 1997: A.3240; Referred to Ways and Means 1996: A.1984; Held for consideration in Ways and Means
1995: A.1984; Referred to Ways and Means 1994: A.3631; Held for consideration in Ways and Means
Fiscal implications
This bill would allocate more revenues to local school districts and local municipalities.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.