8/20/19
THE BEGINNING… • Beginning in the 1970s and increasing through the 1980s, several state governments began making permanent cuts to their property tax base. • Credited with kicking off this modern tax rebellion was Proposition 13 adopted on June 6th, 1978, with the approval of nearly two-thirds of California’s voters, cutting property tax rates on homes, businesses and farms by about 57%. • Numerous other states and even the United States were caught up in the anti-tax movement, which remains a major feature of the political landscape up even today.
SO WHAT’S A STATE TO DO???
• Foremost, find a new revenue source palatable to voters . • So began the advent of the state lotteries. • By 1999, 37 states and the District of Columbia operated a lottery. • Today, only 6 states do not have a lottery. • States earned a total of $19.4 billion on lottery sales of $68.8 billion in 2012, according to the North American Association of State and Provincial Lotteries.
3
Made with FlippingBook - professional solution for displaying marketing and sales documents online