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Old 04-11-2012, 01:34 PM   #1577
Senator Clay Davis
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Location: Maryland State House, Annapolis
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Quote:
Originally Posted by zuluking View Post
It is not semantics. The dividend is 10% of royalty revenue surplus only, not general revenues. No royalty revenue surplus, no dividend. And $1B only if the surplus is $10B. Completely variable. It could get worked into the calculations, but it would be purely hypothetical on either historicals or projections.
Right, but if the rest of the province has massive budget shortfalls, but the royalty revenues are enough to merit the $300 cheque, are they really gonna give everyone that check? Doubtful, and please God no, don't be that fiscally irresponsible.
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