Jeff and Debbie,<br> <br> What do student loans and research dollars count as? As I understand it, the $120 million is what the state gets to run the educational programs at UI, but Moscow also gets funds from student loans, grants, tuition and fees, and grants totaling about $320 million annually. Loans do not count as income, as I understand it, but grants do. Are grants earned income?<br> <br> Best Regards,<br> <br> Donovan J Arnold<br> <br> <br><br><b><i>Jeff Harkins <jeffh@moscow.com></i></b> wrote:<blockquote class="replbq" style="border-left: 2px solid rgb(16, 16, 255); margin-left: 5px; padding-left: 5px;"> Hi Debbie,<br><br>Thanks for weighing in. You might want to visit the Regional <br>Economic Income System (REIS) - there is a mirror site at WSU.<br><br>Don't forget, UI funding is largely a state subsidy - about $115 - <br>$120 million a year. Also, don't forget the subsidy for K-12.<br><br>Also, it is kinda sneaky - but most of the revenues
derived by <br>Gritman Hospital are a result of medicare, medicaid and insurance <br>payments. Since we don't have a local insurance company housed in <br>Latah County, medical payments for personal insurance get moved over <br>to providers - in essence a transfer payment.<br><br>My numbers are hard and the results are troubling.<br><br>Oh yea - all our public school teachers, UI and WSU professors, staff <br>persons get their checks as a result of a state subsidy. It's not <br>that we don't earn it, but we don't get to pass it on to a customer <br>outside our local economy. If we could sell the value added to <br>students - well, you know, we just can't do that. Even the fees paid <br>to doctors for medical treatment are, in effect, mostly covered by <br>federal and state transfers (medicaid, medicare) and local insurance premiums.<br><br>At 10:08 PM 6/3/2006, you wrote:<br>>regarding transfer payments:<br>><br>>According to the Bureau of Economic Analysis
data available at the<br>>Northwest Area Foundation Indicator Website I've mentioned before, the<br>>breakdown of income for latah county is as follows:<br>><br>>Individuals and households get their income from three main sources:<br>>-net earnings;<br>>-dividends, interest, and rent;<br>>-and transfer payments (for example, Social Security and Unemployment<br>>Compensation).<br>><br>>Among Latah County residents in 2004. . .<br>><br>>-net earnings made up 69 percent of personal income, compared to 75<br>>percent in 1970;<br>><br>>-dividends, interest and rent - income from investments - made up 17<br>>percent of personal income, compared to 16 percent in 1970;<br>><br>>-transfer payments made up 14 percent of personal income, compared to 9<br>>percent in 1970.<br>><br>>http://www.indicators.nwaf.org/DrawRegion.aspx?RegionID=16057&IndicatorID=8<br>><br>>I am not certain what you mean by subsidies but
the figure of 66% doesn't<br>>seem representative of actual income receipts. The U.S. and Idaho average<br>>is 15% from transfer payments.<br>><br>>Debbie<br>><br>><br>>On Sat, 3 Jun 2006, Jeff Harkins wrote:<br>><br>> > Actually Ted, since Latah County derives about<br>> > 66% of its regional income from subsidies and<br>> > transfer payments (yes, we are in effect a<br>> > welfare county), if Boise were to suffer<br>> > significant economic decline, we would feel the<br>> > effect rather quickly (lower subsidies).<br>> ><br>> > Since we don't have a robust export-based<br>> > economy, we will never have economic power. To<br>> > have economic power, you first, have to pay your own way - we don't.<br>> ><br><br><br>_____________________________________________________<br> List services made available by First Step Internet, <br> serving the communities of the Palouse since 1994.
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