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Michigan Lottery contributes $1 billion to School Aid Fund for first time

(NBC15)
Published: Jan. 8, 2020 at 11:38 AM EST
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(1/8/2020) - The Michigan Lottery has raised more than $1 billion for public schools for the first time.

The lottery announced Wednesday that it contributed more than $1 billion to the School Aid Fund in the last fiscal year. That's a $129 million boost over the prior year.

It's the largest one-year increase in the lottery's 47-year history and the fifth straight year of record-setting contributions to the school fund.

The fund also is funded with sales and use taxes, income taxes, property taxes, some federal funds, cigarette, liquor and other taxes.

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