Oklahoma's lottery is falling on its face and the Lottery Commission plans to cut costs and may have to cut its staff. The Commission's finance and audit committee's dreary budget forecasts for fiscal year 2008 prompted the plans.
In addition, it appears there will be an attempt to amend out a requirement that the Lottery Commission post a 35-percent profit in their third year of operations. This new estimate is 14.8 percent below the estimate upon which the Fiscal Year 2008 appropriations were made, and 8 percent below the June estimate.
The Commission said it is doing all it can to trim operating costs without cutting current staff and advertising expenditures, including moving offices upstairs in their current building and turning the first floor into rental space, and opting not to refill four vacant staff positions.
"I hate to say this with staff in the room but we might have to reduce staff. Any way you look at it, it's not a pretty picture". Executive Director James Scroggins said in explanation of the finance committee's predictions that ticket revenues will remain stagnant through fiscal year 2010 at about $208.2 million.
-McCarville
Shhhhhhh...listen.....yes, it's Vince Orza saying "I told you so."
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