Thursday, March 08, 2007

Gambling on the undergrads 

A scholarship fund in Oklahoma for public education students has run out of money. The funding source? The state's lottery isn't generating enough revenues. This has been going on for awhile, and to hear Jeff Shaw of Tulsa tell it, this was a bad plan oversold from the start. So what are they doing to replace the money? Of course, they are going to the general fund.
Oklahoma's governor, Brad Henry, a Democrat, wants to give the program a more reliable revenue source. He has proposed dedicating a percentage of the state's income-tax receipts to the scholarship program. On Wednesday, the Senate unanimously passed a bill that would provide future years of the scholarship with a reliable source of funds, although it would not solve the current funding gap. That measure still awaits action by the House of Representatives.
Lottery = camel's nose in your wallet.

H/T and quote source: Chronicle of Higher Ed (subscriber's link.)