Counties To Get Held Lottery Construction Money

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North Carolina counties next week will receive $38 million in lottery funds earmarked for school construction that had been taken by Gov. Beverly Perdue several months ago to deal with budget problems.

Perdue said Friday she's able to free up that money now that the books are closed on the fiscal year that ended June 30 and there's some cash available.

Perdue in late February took nearly $88 million in lottery profits to ensure there was money in the state's day-to-day operating accounts to pay bills. The decision meant many county leaders had to scramble to find another way to make debt payments on building projects.

The other $50 million came from a lottery reserve fund and has not been restored.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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  • by Budget wrongs Location: Pamlico on Aug 28, 2009 at 04:15 PM
    That happened a while ago and now that many teachers have been fired, and many classes canceled, many programs taken out of the school year NOw she wants to get it back but only a small portion? Give is a break!!!!!! Our children mean more than this, I know she is older in age and her children already went through nice schools but our children and her great grandkids haven't yet. Not everyone can afford a private school, which are also declining in their education. Sad place. Sad deals.
  • by chris Location: greenville on Aug 28, 2009 at 12:08 PM
    OMG, This governor is gonna drive the state into bankruptcy. She is stealing from kids to keep the state going. When did it turn into the North Carolina Budget Fund Lottery?

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