Lawmakers eyeing lottery as a source for pension system troubles

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by WHAS11

WHAS11.com

Posted on February 22, 2013 at 9:18 PM

Updated Friday, Feb 22 at 11:31 PM

FRANKFORT, Ky. (WHAS11) – Kentucky lawmakers are eyeing the state lottery as a way to shore up the state’s financially troubled pension system for government retirees.

The latest proposal in the house would put a 6 percent sales tax on lottery sales and implement new games which could include Keno.

Representative Brent Yonts says the new tax could generate $49 million a year and adding more games could generate more than $70 million.

He says that would be enough to make Kentucky’s required pension contribution.
 

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