There’s been a lot of belly-aching about schools reportedly getting short-changed. The North Carolina education lottery came into being in 2005 as a method for providing much needed funding for public schools. Moore County’s board of commissioners is under the impression that the county is not being given its share of the lottery proceeds, and wants the General Assembly to rectify the situation:
Request the Board of Commissioners to approve the attached Resolution requesting the General
Assembly to give Moore County its statutory share of lottery funds of 40% to be used for its intended
purpose for Moore County schools capital needs.
Counties in North Carolina are statutorily responsible for providing public school facilities and are doing
so by spending more than $1 billion annually in support thereof. Additionally, counties spend almost $2.5
North Carolina Education Lottery was established to aid counties each year in meeting these needs by
designating 40 % of the lottery net revenue to counties.
In reliance of that annual pledge of lottery funds, Moore County has incurred outstanding debt principal
and interest totaling $66,846,003.00 for school capital outlay projects as of December 2014. Moore
County faces critical budgetary constraints as it attempts to balance the payment of school debt service
and funding school capital needs. […]
FINANCIAL IMPACT STATEMENT:
The financial impact to Moore County for FY13/14 was -$703,000. Moore County currently receives a
22% allocation of the lottery funds which equaled $860,000 in FY13/14. If Moore County would have
received the entire 40% allocation, then the County would have received $1,563,000. Thus, for FY13/14,
the County was negatively impacted by not receiving the additional $703,000.
Motion to approve the attached Resolution requesting the North Carolina General Assembly to allocate to
Moore County its statutory share of lottery funds of 40% to be used for Moore County schools capital
needs and that copies of this Resolution are forwarded to the Local Legislation Delegation to the North
Carolina General Assembly and the North Carolina Association of County Commissioners.[…]
This matter is to be taken up at the April 7 commissioners’ meeting. Looking at all of this, one has to ask: Where did the money go? Is the lottery performing below initial estimates? If so, say so. If not, commitments made when the lottery was passed need to be honored.