How does proposition 1C change the California lottery?
On May 19, California voters will decide a number of propositions, including Prop 1C, which would change the way the lottery works. Supporters say the changes would help the state budget right away, but critics are afraid it would make the situation worse in the long-run. The California state lottery was voted into existence in 1984. Now for the first time since then, voters are being asked to change the rules in order to raise a quick $5 billion. “What we would get is $5 billion right now so that we don’t have to cut education more, health programs more,” state Sen. Loni Hancock said. The cash would be raised by selling lottery-backed bonds, which some say is something of a gamble, but Prop 1C would change the system in hopes the changes will mean more money coming in and a better guarantee of paying off those bonds. Prop 1C aims to raise more revenue by improving the odds of winning. The theory is, the more frequently people win, the more frequently they will play. But opponents, inc
