For years, the New Mexico Lottery has said the scholarship program was projected to run short of money. The newest report reflects that could be the case as soon as the 2014-15 school year.
Officials for the Legislative Lottery scholar ship say that if current trends hold true, the demand on the scholarship will mean a $10.5 million difference for fiscal 2014 between the need for the scholarship and the funds available.
Larry Behrens, a spokesman for the New Mexico Higher Education Department, explains why the scholarship has yet to see a solution to the problem. “By law, the Legislature is the only body that can pass requirements for a permanent solution to the scholarship.