Bet on it: Lottery says it will deliver its $1.324 billion

| Print |  Email
Sunday, March 01, 2009
LotteryButton.jpg

SALEM Despite what the state predicts, the Oregon Lottery still plans to provide the budgeted $1.324 billion to support state schools, parks and natural resources, job creation, and gambling treatment programs.

The lottery revenue started slumping last fall with weekly drops of from $800,000 to $4 million. Oregon state economist Tom Potiowsky forecasts that lottery revenues will be off by more than $35 million for the 2007-2009 budget.  

But the lottery disagrees. Spokeswoman Mary Loftin says the lottery is on track to generate the budgeted $1.324 billion. So far, the lottery has provided the state with $1.165 billion, with one quarter left to go. If the lottery fails to meet its allocation goals, Loftin believes it will be by $10 million or less.

Agency budget cuts, new lottery games and advanced planning for revenue losses related to the smoking ban have helped to offset revenue losses. The agency also instituted a 5% budget cut internally, on par with other state agencies, although as a self-funded entity the cut was not mandated by the state. “It’s little dollars — $50 here, $80 there,” says Loftin. “We are doing everything we can to find every dime possible.”    

That money is especially important for already-struggling schools, as well as economic development programs. With some districts considering shortening their school year, cutting staff and even closing entire schools, the allocation of the full $936 million to the education system is critical.

Likewise, as the state unemployment rate continues to rise, lottery funds devoted to economic development, and more specifically to the Oregon Economic and Community Development Department, will play an important role in funding Oregon programs. NICOLE STORMBERG


Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

 

More Articles

Change at the pump?

The Latest
Tuesday, May 26, 2015
001thumbBY JASON E. KAPLAN | STAFF PHOTOGRAPHER

New Jersey and Oregon are the only two states in the U.S. that ban self serve gas stations. But these two holdouts may be ready to give up the game. New Jersey is considering legislation that would lift the state's ban on pumping your own gas. Oregon is considering smaller scale changes.


Read more...

Can small be large?

Linda Baker
Wednesday, April 01, 2015
040115-lindablogthumbBY LINDA BAKER

Leaders in Oregon's ag sector gathered this morning in Portland’s Coopers Hall winery/taproom to discuss the role of the region as an export gateway, impediments to exporting products and solutions to containerized shipping challenges.


Read more...

6 things to know about the Amtrak Cascades route

The Latest
Friday, May 22, 2015
thumb3BY JACOB PALMER | DIGITAL NEWS EDITOR

The recent tragedy in Philadelphia has called attention to Amtrak and the nation's woefully underfunded rail service. Here are six facts about the Amtrak Cascades corridor between Eugene and Vancouver B.C. 


Read more...

Photo Log: The 100 Best Green Workplaces in Oregon event

The Latest
Wednesday, May 27, 2015
greenthumbPHOTOS BY JASON E. KAPLAN

Oregon Business celebrated the 100 Best Green Workplaces with an awards luncheon at the Nines Hotel in downtown Portland.


Read more...

European Vacation

Guest Blog
Thursday, April 23, 2015
norristhumbBY JASON NORRIS | GUEST BLOGGER

There are winners and losers with a strengthening U.S. dollar.


Read more...

Photo Diary: Forest Grove Farmers Market

The Latest
Thursday, May 14, 2015
IMG 8469BY JASON E. KAPLAN | STAFF PHOTOGRAPHER

There are more than 160 farmers markets in Oregon, contributing an estimated $50 million in sales, according to the Oregon Farmers Markets Association. We checked in on the Forest Grove market, which for several years has brought local produce and food vendors to Main Street in the center of town.


Read more...

Foundations perspective

May 2015
Monday, April 27, 2015
BY KIM MOORE

A conversation with Martha Richards, executive director of the James F. & Marion L. Miller Foundation.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS