New York: Spitz Banks On Lottery Jackpot »
Posted by: MyWayOnNow 7 months, 3 weeks agoGov. Spitzer is expected to propose in his State of the State Address today the unprecedented sale of future lottery revenues for as much as $40 billion, sources said yesterday.
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MyWayOnNow7 months, 3 weeks ago
The sources said the governor and his aides have already discussed several scenarios with Wall Street investment bankers for selling future lottery revenues. The plan would generate cash to fund state education programs that might otherwise face cutbacks because of a looming $4 billion-plus state budget deficit.
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