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Michigan Lottery contributes $1B to school fund for 1st time

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Posted at 11:19 AM, Jan 08, 2020
and last updated 2020-01-08 15:25:37-05

LANSING, Mich. (AP) — 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.