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Lottery renewal needed before state can borrow

By Jeremy Duda

Published: October 29, 2009 at 7:33 pm

The odds of winning the Arizona Lottery’s big jackpot are about one in 175 million. The odds that lawmakers will sell off future lottery revenues for a quick cash infusion are exponentially better. As lawmakers ponder how to fix a fiscal 2011 budget deficit that is expected to top $2 billion, many are viewing lottery securitization …

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