Today Sen. Joyce Elliott (D-Little Rock) and Rep. Warwick Sabin (D-Little Rock) filed S.B. 583.
This is a really good bill that simply requires the Arkansas Lottery to allocate at least 25% of its gross revenue for scholarships.
Right now the Arkansas Lottery allocates around 18%. To put that into the perspective, the average state lottery budgets approximately 30% of its gross revenue for education; Louisiana budgets 35%.
It’s simple math: If the Arkansas Lottery budgets a higher percentage of its money for scholarships, Arkansas’ college students will get more money. That’s what S.B. 583 does.
S.B. 583 is similar to legislation Family Council has supported in years past. We look forward to working with Sen. Elliott and Rep. Sabin to help pass this good, commonsense bill at the Arkansas Legislature.