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by Rury
1433 days ago
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It's not as much as you'd think. For Illinois, lottery alone nets something like $3 billion, of which ~$700-750 million goes to funding public schools. Public schools expenditures are ~$35 Billion/year. So, less than 1/35th of costs. Add in the alcohol, tobacco, weed, gambling taxes, and you still not even close to covering half the state's school expenditures. Granted, Illinois is perhaps the most fiscally screwed state, so might not be best example... |
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That all appears way off.
"This year, the governor plans to increase the state’s education general fund by $498.1 million — a 5.4% increase — for an overall budget of $9.7 billion."[1]
Additionally the Illinois state gas tax which is the second highest in the US is 40 cents a gallon.[2][3]
[1] https://chicago.chalkbeat.org/2022/2/2/22914634/pritzker-pro...
[2] https://www.axios.com/local/chicago/2022/03/22/illinois-gas-...
[3] https://www.illinoispolicy.org/illinois-2nd-highest-gas-taxe...