Alaskans to get $878 in yearly oil wealth payout (Tampa: 2013, rentals)
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You people are funny. I am from Alaska born and raised. It is permanent fund dividend money. Every resident of Alaska gets a check (except for felons, those behind on child support, unpaid fines and tickets, owing govt money, garnished by businesses, etc.). The $800 check this year is small, the check has been getting smaller each year. The checks are based on the return the fund makes in various stock, bonds, etc investments.
This fund is a perfect example of citizens keeping politicians at bay. Also, that video is in Barrow... one of the most expensive places in Alaska to live in. Prices in Anchorage are nothing like shown in that video.
From WikiPedia
The Alaska Permanent Fund is a constitutionally established permanent fund, managed by a semi-independent corporation, established by Alaska in 1976, primarily by the efforts of then Governor Jay Hammond. Shortly after the oil from Alaska’s North Slope began flowing to market through the Trans-Alaska Pipeline System, the Permanent Fund was created by an amendment to the Alaska Constitution to be an investment for at least 25% of proceeds from some mineral (such as oil and gas) sales or royalties. This does not mean the fund is solely funded by oil revenue. The Fund does not include either property taxes on oil company property nor income tax from oil corporations, so the minimum 25% deposit is closer to 11% if those sources were also considered. The Alaska Permanent Fund sets aside a certain share of oil revenues to continue benefiting current and all future generations of Alaskans. Many citizens[who?] also believed that the legislature too quickly and too inefficiently spent the $900 million bonus the state got in 1969 after leasing out the oil fields. This belief spurred a desire to put some oil revenues out of direct political control.
The Alaska Permanent Fund Corporation manages the assets of both the Permanent Fund and other state investments, but spending Fund income is up to the Legislature. The Corporation is to manage for maximum prudent return, and not—as some Alaskans at first wanted—as a development bank for in-state projects. The Fund grew from an initial investment of $734,000 in 1977 to approximately $38 billion as of October 2011. Some growth was due to good management, some to inflationary re-investment, and some via legislative decisions to deposit extra income during boom years. Each year, the fund's realized earnings are split between inflation-proofing, operating expenses, and the annual Permanent Fund Dividend.
Unlike the federal government that can print money at will, the states have no such option. FL is hardly the only state that made big cuts
No, Florida is not the only state that made big cuts but the fact that Florida already spends so little on such services and then made further big cuts (plural) is the big issue.... and appropriations are at best, fuzzy.
No, Florida is not the only state that made big cuts but the fact that Florida already spends so little on such services and then made further big cuts (plural) is the big issue.... and appropriations are at best, fuzzy.
As much as you praise NC as a state, we actually spend more on per pupil education than they do
I came from Alaska which spends almost twice as much per student than Florida does. Is the Alaska education system better? Nope. My kids were behind Florida schools when we moved here. Not to mention Florida also offers free VPK which was great for my youngest when we moved here. He got into a great VPK and is excelling in school. I have also found that Hillsborough School's which have ESE programs do a great job with these special needs classes (one of my kids has a mild learning disability and the ESE teachers are great).
Say what you will. I do not believe that the more money you spend per student equals a better education. That's typical government spending thought process, "The more we spend the better it is!".
OP, How much $ are you suggesting we receive? If you take the roughly 19 million Floridians and paid them $878 each a year it would cost the state close to $17 billion a year. Florida doesn't collect any state income tax as it is, and you want a check every year? Sorry, I don't see this happening.
I would say at least $878 per Floridian and here is why:
FL is on target to get about $80 Billion or more a year in Tourism this year. Already received $31.5 Billion so far .
According to preliminary estimates* released today by VISIT FLORIDA - the state’s official tourism marketing corporation – 22.1 million visitors came to Florida in the second quarter of 2012 (April-June), an increase of 1.3 percent over the same period in 2011.
Tourism and recreation taxable sales for Florida from January through May 2012 (last reported month) were $31.5 billion, representing a year-over-year increase of 8.8 percent over the same period in 2011.
"Tourism and recreation taxable sales for Florida from January through May 2012 (last reported month) were $31.5 billion, representing a year-over-year increase of 8.8 percent over the same period in 2011."
The state did not receive $31.5 billion, that was the taxable amount.
I came from Alaska which spends almost twice as much per student than Florida does. Is the Alaska education system better? Nope.
I suspect a lot of that is economies of scale- Alaska has a lot of very small schools- 100 students or fewer- and has to pay a lot more to get teachers to take jobs in rural villages with no road access, 'honey pot' toilets, and the infamous $10 boxes of Rice Krispies. (I had an online friend who taught in the bush, and for all that she loved her job, she really appreciated her trips to the big city of Bethel to resupply.)
Meanwhile, a high school in Florida is on the small side if it's only got 2,000 students, and you can heavily share costs among students with a school size that big. Plus, they don't have to pay as much in salary because many teachers are still willing to move to the state and take partial payment in sunshine.
I came from Alaska which spends almost twice as much per student than Florida does. Is the Alaska education system better? Nope. My kids were behind Florida schools when we moved here. Not to mention Florida also offers free VPK which was great for my youngest when we moved here. He got into a great VPK and is excelling in school. I have also found that Hillsborough School's which have ESE programs do a great job with these special needs classes (one of my kids has a mild learning disability and the ESE teachers are great).
Say what you will. I do not believe that the more money you spend per student equals a better education. That's typical government spending thought process, "The more we spend the better it is!".
Yup. Case in point, the Chicago Public School system, home to second highest paid teachers in the country (after NYC).
"Tourism and recreation taxable sales for Florida from January through May 2012 (last reported month) were $31.5 billion, representing a year-over-year increase of 8.8 percent over the same period in 2011."
The state did not receive $31.5 billion, that was the taxable amount.
Thanks for correcting me but am not able to find anywhere how much FL made in Tourism? Care to help me find the #
Why can't Floridians' get a cut from Tourism dollars? What am I missing?
Oil is a tangible commodity. It has intrinsic worth. Tourism is a unicorn fart. Economics 101.
20yrsinBranson
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