FOR IMMEDIATE RELEASE
Merritt Bill to Combat ‘Brain Drain', Develop Economy
Modernization of lottery would provide college opportunities for more Hoosier young people (STATE HOUSE) – State Sen. Jim Merritt (R-Indianapolis) has filed legislation to address the ‘brain drain', a problem that has plagued Indiana for generations. Merritt's bill, an idea proposed by the governor, would provide funds for higher education by allowing the state to enter into an agreement with a private entity to lease the Hoosier Lottery. Although there is no official bid at this point, the governor expects that the state could receive a one-time payment of $1 billion dollar or more for a 30 year lease agreement. In addition to the one-time lump sum payment, the state would continue to receive annual payments and a percentage of the earnings of the private company. These funds would provide immediate aid to address the education problem in Indiana . Currently, forty five percent of the state's post-secondary students are leaving the state after graduation. Indiana ranks a lowly 44 th out of 50 in percentage of residents who hold a bachelor's degree. The funds from such a deal would help provide more of our young people the opportunity for higher education. “One of the most important aspects of this proposal is the simple fact that more Hoosier kids will have the chance to go to college,” Merritt said. “Additionally, so many of our young people are leaving the state. We are blessed with world class research universities and a great network of private liberal arts schools and community colleges. We need to do a better job at keeping that talent and potential in the state.” The plan would also provide funding for the state's universities to attract renowned researchers and scholars to Indiana . With more academic leaders and more educated students, the state would become a more desirable place for business. The proposal is supported by university presidents from across the state. “The government shouldn't be in the gaming business,” Merritt said. “Under this plan, everything that is currently against the law will still be against the law; we will just be providing the lottery in a better way—and in a way that will benefit our young people.” Merritt represents Senate District 31, which includes portions of Lawrence , Warren and Center Townships in Marion County . ### |
