September 12, 2003

Georgia Program May Run Out of Cash

By WILL POTTER

The Georgia Lottery may not generate enough money to pay for the state's HOPE scholarships in three years, state officials have told a committee studying the future of the program.

The scholarships, which pay all tuition and fees at state colleges for any Georgia high-school graduate with at least a B average, could cost nearly $1-billion a year by July 2006. That amount exceeds expected lottery proceeds by $221-million. The $203-million in the lottery's reserve accounts could be

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