Gary Wright IIGary Wright II - Gary-Wright.com

Gary-Wright.com ]    [ The Wright Perspective Blog ]    [ The Wright Perspective Blog 2011 Archives ]  → 

The Wright Perspective℠

Social Commentary from the C-Suite to Main Street℠

A Blog by Gary Wright II

Tribal Unity Topic #1: Finances

Sunday, November 27th, 2011

Tribal Unity Topic #1: Finances: How can a tribe be financially independent?

The first answer is usually casinos followed by taxes on tobacco and alcohol. Last year in the Cherokee Nation gaming brought in only 6.29%, with taxes generating only 5.1% of revenue (Gas - 7,256, Vehicle - 7,707, Tobacco - 4,194, Sales tax - 2,314).

The breakdown of their income:

  • Operating Grants / Contributions - 68.79%
  • Charges for services / misc - 16.44%
  • Dividends from Component Units (casino) - 6.29%
  • Taxes - 5.1%
  • Grants / Contributions not restricted - 2.65%
  • Unrestricted Investment Earnings - 0.49%
  • Capital Grants / Contributions - 0.24%

Without the large operating grants, what ways can a tribe achieve financial independence?

Best regards,

-- Gary Wright II

Return to Blog Index