Showing posts with label lottery funds. Show all posts
Showing posts with label lottery funds. Show all posts

Friday, October 12, 2012

State Controller releases lottery fund stats - Calaveras County Schools receives $998,215.29

According to the State Controller Calaveras County received $998,215.29 for the 11/12 fiscal year from state lottery funds. Payments to K-12 schools and community colleges are made to county treasurers, who then distribute the money to school districts.

In 1984 California voters passed Proposition 37 – California State Lottery Act – to benefit public education with the requirement that 34 percent of the total lottery revenues be allocated to local educational agencies. With this passing each school district was to create a separate account for receipt and expenditure of these funds. At its inception Prop 37 funds were unrestricted with the exception that no amount of the funds could be spent on acquisition of real property, construction of facilities, financing of research or any other non-instructional purpose.