The education in an education lottery usually defaults to a quote from
Barnum.
John Sessoms wrote:
> From: "P. J. Alling"
>
>
>> California is current balancing it's budget by borrowing. If they
>> have a law it's not very effective.
>>
>
>
> It's like North Carolina's. There's a loophole for emergency spending on
> natural disasters. But you only get to use that loophole AFTER the disaster.
>
> And there's revenue bonds for those on-going multi-year projects that
> need more than one years tax take.
>
> NC only allows revenue bonds to finance "capital" improvements i.e.
> roads, bridges, dams, state parks (buying land for new ones), ... and on
> a local level - schools.
>
> I think California may be stretching that one a little. The problem with
> that sort of bond issue is they eventually have to be re-paid with
> interest ... or defaulted.
>
> But NC does have an education lottery!
>
>
--
The difference between individual intelligence and group intelligence is the
difference between Harvard University and the Harvard University football team.
-- P. J. O'Roark
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