Showing posts with label oil and gas royalties. Show all posts
Showing posts with label oil and gas royalties. Show all posts

Wednesday, September 12, 2012

Steve Flowers: Inside The Statehouse: How we got here

  A good many of you have asked me to weigh in on the oil and gas money diversion referendum next Tuesday. As most of you know, I do not endorse or disavow issues or candidates. My purpose is to inform and entertain you as to the goings on in the world of Alabama politics. Therefore, allow me to explain this situation and the impending referendum offered by the legislature.

  There was a television series that enthralled me several decades ago called “Rich Man, Poor Man.” It was a series about two brothers. One did well, the other faired poorly. Our state budgets are similar. We have one budget, the Education Budget, which receives 70% of all tax revenues. It is the rich man. The General Fund garners 30% of the revenues. It is the poor man.