scholarships

Government
2:56 pm
Wed March 14, 2012

Report Urges Policymakers to Consider Long-Term Sustainability of Coal Severance Fund

State lawmakers are considering a bill that would designate some coal severance tax money to scholarships for coalfields residents; the measure has already passed the House. But a report by a non-profit group warns that Kentucky needs to think about the long-term future of the state’s coal severance fund. Coal producers pay a tax of four and a half percent value of coal that’s sold into the state’s coal severance fund. Half of that money goes to Kentucky’s general fund, and the other half goes to various programs in coal-producing counties.

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Tennessee Senate
1:06 pm
Wed March 7, 2012

Tennessee GOP Reconsidering Lottery Scholarship Bill

Republican leaders are proposing legislation that would tie changes to lottery scholarship requirements to lottery revenue growth.  A GOP-backed measure that would cut some students' scholarships in half has drawn heavy criticism from Democrats who say it's unnecessary because the lottery's education proceeds have increased 4 percent since 2005, with about $10 million more coming in a year.  Senate Speaker Ron Ramsey and Senate Education Committee Chairwoman Dolores Gresham announced Tuesday in a statement that if the $10 million is sustained through 2015, then the provisions in the proposa

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