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NC Education Lottery
The net proceeds of the North Carolina Education Lottery go to education expenses, including reduced class size in early grades, academic prekindergarten programs, school construction, and scholarships for needy college and university students. See how much each local district receives in lottery funding:
About 30 percent of lottery revenue goes to education. Even if the NC Education lottery gave 100 percent of its revenue to schools, that would only cover about 19 percent of the state's total budget for K-12 public schools.
How Lottery Funding Applies to Charter Schools
There are four large revenue streams that support state funding for public schools: Fines and Forfeitures, Sales Tax, Lottery Receipts, and the General Fund. While there are guidelines as to how much of each stream comes to support public schools (e.g. 50% of net Lottery revenues going to class size reduction in early grades and prekindergarten programs), the funds are commingled when they enter the State Public School Fund. The SPSF is then distributed according to the usual allotment formulas. As a result, charter schools do get money from each of those pots; however, charter schools do not get the portion of lottery funding dedicated to the Public School Building Capital Fund as they are not entitled to capital funding per GS 115C-238.29H.
LOTTERY DISTRIBUTION BY LEA
(xls, 123kb) POSTED 9/7/12