Schools
Nearly $80 Million in Lottery-Related Funds Headed to RivCo Schools
Riverside County's share of the $1.34 billion from the Lottery Education Fund is approximately $78.1 million.
Close to $80 million in funds gleaned from unclaimed prizes and other income generated by the California Lottery were earmarked for Riverside County schools in the 2013-14 fiscal year, it was announced this week.
According to the California State Controller’s Office, of the $1.34 billion disbursed from the Lottery Education Fund, roughly $78.1 million went to Riverside County.
Funds were sent quarterly to the county Office of the Treasurer-Tax Collector, which in turn made distributions to school districts, according to state officials.
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The controller’s list of recipients indicated that the largest disbursal from the Lottery Education Fund went to Los Angeles County, which collected $332.66 million in 2013-14, while the smallest amount went to Alpine County, which received $26,297.
Information on disbursals and the criteria used to determine their size is available at http://www.sco.ca.gov/ard_payments_lottery.html .
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— City News Service.
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