GOP leadership: Sell lottery to IPERS

[Peacetrain]

You just cannot make this stuff up!


By Jason Hancock 1/22/09 5:27 PM

Republican legislative leaders Thursday suggested Iowa sell its lottery to the state public employee pension system instead of private investors.

Responding to a column published this morning by The Des Moines Register’s David Yepsen, Senate Minority Leader Paul McKinley, R-Chariton, said it appears some backroom deals have been made and Gov. Chet Culver and Democratic leaders are intent on selling the lottery to private investors. Instead, the state should consider selling it to the Iowa Public Employees’ Retirement System, known as IPERS, McKinley said.