LOTTO good idea! Sheffield residents have come up with the idea of holding a city lottery scheme to help raise extra cash for council services.
The proposal was put forward during consultation on how Sheffield Council should save £55 million from its budget over the coming year.
Now the idea is being considered seriously by councillors.
Coun Bryan Lodge, the authority’s deputy leader, said: “We’ve asked officers to look into this in detail to see if it’s a viable option.
“If this presents an opportunity to bring in some income that we can direct towards supporting council services then that’d be a really positive thing to do.
“I understand that some other councils are already looking into this.
“We’ll look at those examples and see if they can help us to develop a Sheffield model.
“This goes to show how important it has been to get feedback and suggestions from Sheffielders .
“I’d like to thank everybody who has taken the time to contact us with suggestions and comments about the budget.”
Meanwhile, the council is not reducing its £600,000 annual major sporting events budget – because the events it is used to fund, such as training camps by international sporting teams, bring in 10 times more money for the local economy.
“It does require some investment to bring major sporting events to the city but this investment is returned many times over,” said Coun Helen Mirfin-Boukouris, cabinet member for jobs and growth.
How a city lottery works:
* Money raised by a city lottery would provide additional revenue.
* Under rules set out by the UK Gambling Commission, which regulates lotteries, the maximum value of tickets which could be sold in a local authority lottery would be limited to £10 million and the maximum prize 10 per cent of ticket sales.
* A lottery would cost money to set up and predicting how much it would raise could be difficult.
* Most lotteries are run by charities. No councils are registered as operators.