The dividend has been around a lot longer then Palin. It was originally set up in the early 80's when Alaska was swimming in money, basically it is the interest off of investments from that chunk of money. It was also set up so it can't be changed very easily. A governor just can't say i abolish the pfd, and its gone.
Most of alaska's state stuff is paid through oil money, one form or another, income taxes aren't needed.
Whozyerdaddy did a copy and paste a week or two ago on the arrangement between alaska and the fed, if i could find it I would repost. Basically the fed instead of taking a 90/10 split for the state's resources (10% to the fed, rest to the state) it takes a 50/50. They get a good chunk of money they wouldn't normally get from a state.
Now if you can convince the federal government to let us keep that 90% from the oil lease's, I would be more then willing to let go of the extra 'earmarks' we get.
Most of alaska's state stuff is paid through oil money, one form or another, income taxes aren't needed.
Whozyerdaddy did a copy and paste a week or two ago on the arrangement between alaska and the fed, if i could find it I would repost. Basically the fed instead of taking a 90/10 split for the state's resources (10% to the fed, rest to the state) it takes a 50/50. They get a good chunk of money they wouldn't normally get from a state.
Now if you can convince the federal government to let us keep that 90% from the oil lease's, I would be more then willing to let go of the extra 'earmarks' we get.