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

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.  (AP)