Thursday, 07 March 2013
With budget cuts looming within the Macon County School System, taxpayers have begun asking questions about where education funds come from. Local school systems are afforded funding from three sources, the state, federal, and local governments. Each of those funding sources has its own avenue of generating revenues to fund education.
By North Carolina state statute, the state is responsible for the majority of public education funding, with both the federal and local governments acting as a supplement. In addition to taxes collected in North Carolina, the state has also implemented other programs to help fund the state's education system.
Since its inception in 2006, The North Carolina Education Lottery has touted its role as a significant contributor to the state's educational programs. State officials claim to have created the lottery to further support the state's education system and it was intended to provide additional funding to allow North Carolina to be competitive with the rest of the country.