Virginia Governor Youngkin unveils $901 million allocation from Virginia Lottery earnings for K-12 public education funding.
The Virginia Lottery, a consistent and substantial financial contributor to K-12 public education, is set to certify its final profit figures for a certain period later this month. The exact date of the certification has not been specified.
For the 2024 and 2025 fiscal years, the Virginia Lottery has allocated a significant amount towards K-12 public education. In Fiscal Year 2024, the Lottery raised over $934 million, making up roughly 10% of the total K-12 school budget in the state. For Fiscal Year 2025, as announced by Governor Glenn Youngkin, the Lottery generated over $901 million in profits, again accounting for nearly 10% of the state’s K-12 education budget.
Virginia law mandates that all Lottery profits go directly to K-12 public education, ensuring full allocation of these funds to support the school system. This consistent support has made the Virginia Lottery a significant player in funding education programs, teachers, and schools across Virginia.
Meanwhile, the longest-running small town fair in Virginia is returning with new attractions. The specific nature of these attractions has not been detailed, and the location of the fair has not been mentioned in the article. The expected attendance or participation is also unknown.
Interested individuals can find a list of lottery funds distributed to Virginia school districts online. It is unclear whether the fair is open to the public or if there are any admission fees. The exact date when the final profit figures will be certified is also not specified.
[1] Source: [Link to Source 1] [3] Source: [Link to Source 3] [5] Source: [Link to Source 5]
The Virginia Lottery's substantial contributions to education-and-self-development are evident in the significant allocation towards K-12 public education for the 2024 and 2025 fiscal years. In Fiscal Year 2024 and Fiscal Year 2025, the Lottery raised over $934 million and over $901 million respectively, accounting for nearly 10% of the state’s K-12 education budget.
