Economy, Energy, Natural Resources: Policy to People

Budget Briefing: Mega Millions Meant Mega Lottery Sales in Oklahoma

Your mid-week budget news roundup:

Lottery Fever in Oklahoma Leads to Education Jackpot, Which Increased 561 Percent “As excitement mounted about the projected payout in the multistate Mega Millions lottery, Oklahomans responded $1 at a time, said Kay Smith, spokeswoman for the Oklahoma Lottery. Mega Millions sales in the state were $8.2 million for the week that ended Saturday, an increase of 561 percent compared to the previous week, Smith said.” (tulsaworld.com)

Legislative, Consumer Changes Have Slashed Oklahoma Revenue, Study Claims “Legislative changes to the tax code and changes in consumer buying patterns over the past 12 years have reduced state tax receipts more than $1.5 billion annually, according to a report issued Tuesday by two state economists.” (newsok.com)

Funding cuts: TPS Dropping Classes, Increasing Student Count in Classes to Cope With Reduction in Budget “Students, teachers and principals are bracing for another round of teacher cuts that promise to hike most class sizes and cost high schools the academic elective offerings that help prepare students for college.” (tulsaworld.com)

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