Governor Gives Up Privatizing Lottery

By Peter Neumann

June 18, 2010 Updated Nov 21, 2007 at 12:11 PM EST

INDIANAPOLIS (AP) - Gov. Mitch Daniels says he won't make a
renewed pitch in the upcoming legislative session for his proposal
to privatize the Hoosier Lottery, saying lawmakers will be too busy
considering property tax reforms.

During the last session, Daniels proposed leasing the lottery to
a private operator and said one company was willing to pay $1
billion plus $200 million in annual payments for the 30-year lease.

The money it generated would have gone toward a life sciences
fund and a scholarship program for college students who stay
in-state after graduating.

A version of his plan passed the Republican-dominated Senate.
But he withdrew the proposal days before the session ended in April
after it stalled in the Democratic-controlled House.

(Copyright 2007 by The Associated Press. All Rights Reserved.)

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