By ERIK SCHELZIG
NASHVILLE, Tenn. (AP) - Democratic Senate Minority Leader Jim Kyle of Memphis is calling on fellow lawmakers to find ways to boost lottery revenues instead of cutting back on the scholarship program, while Republican Gov. Bill Haslam says he has assigned his staff to consider a broad range of options for stabilizing the lottery's finances.
Kyle said in the letter released Wednesday that while the Tennessee Higher Education Commission estimates that the lottery will deplete its sizable reserves by 2024, it also says annual losses could be stemmed with an 8% increase in ticket sales.
Haslam told reporters after a speech to a Nashville business group that he's asked his staff for a comprehensive look at neighboring states' lottery programs to see if they might offer ideas for improvements in Tennessee.