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Politics : View from the Center and Left

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To: arno who wrote (143070)	8/25/2010 8:10:31 PM
From: Snowshoe	Read Replies (1) of 540820

>>the funds don't come from the State Government.<< The Alaska government deposits a portion of the oil revenue (from leases, sale of royalty oil, production taxes, etc) into the Permanent Fund. The fund pays annual dividends (after inflation proofing) based on a multi-year sliding formula of the fund's investment earnings. More significantly, much of Alaska's state budget is paid directly out of oil revenue.

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