Tag Archives: John Marty

Every Vikings Ticket Carries a $72 Taxpayer Subsidy?

Posted on by

Cursor_and_vikings_suites_-_Google_SearchAre Minnesota Vikings season ticket holders effectively government-dependent welfare queens?  After all, a state legislator’s analysis finds that every Vikings ticket benefits from a taxpayer subsidy of over $72.

If that analysis is correct, it would mean that over the next decade a season ticket-holding family of four will be benefiting from about $29,000 in subsidies from Minnesota taxpayers.  Over the three-decade life of the stadium, the 24 corporate benefactors sipping chablis in the Valhalla Suite will be benefiting from a government subsidy of about $521,000.

And we’re worried about poverty-stricken families on Food Stamps? 

Those figures are based on an analysis done by Minnesota State Senator John Marty (DFL-Roseville).  Senator Marty calculates that the entire taxpayer burden for subsidizing our new People’s/U.S. Bank Stadium is over $1.4 billion.  I’m not a public finance expert, but Senator Marty is a bright guy with access to public finance experts, and he seems to have done a lot of homework to develop this estimate.  He shows his homework in the spreadsheet provided below.

For purposes of the estimate, Senator Marty assumes that the Vikings will sell about 19.5 million tickets over the next 30 years.  While other non-Vikings events will also be held in the facility, Marty’s analysis only looks at Vikings tickets.

From there, it’s a simple calculation: $1.4 billion in subsidy÷19.5 million tickets=$72 subsidy per ticket.

Cursor_and_Subsidy_per_ticket_-_calculated_May_15_2012_pdf__page_2_of_2_Critics may quibble with the specifics of the Marty analysis.  But specifics aside, the undeniable fact remains that Minnesota taxpayers are on the hook for an enormous subsidy that looks to be much larger than the $498 million figure typically quoted during legislative debates.

Cursor_and_Subsidy_per_ticket_-_calculated_May_15_2012_pdf__page_1_of_2_

Campaign Finance Reform En Vogue…Better Get This Marty Started

Posted on by

Democratic Pollster Stan Greenberg thinks one way for Democrats to mitigate their traditional midterm election setbacks is to stump for limits on the influence of big money on politics and policymaking.

In the wake of a couple of unpopular Supreme Court decisions that greatly increased the power of über-wealthy donors in elections, a recent Greenberg poll finds that campaign financing reform is very popular.  Greenberg tested support for the Government By The People Act (GBP), which would encourage small in-state contributions by establishing a capped 6-to-1 public financing matching program, and giving a tax credit to small donors.

Among the Democratic base that progressive candidates desperately need to turn out in 2012, this proposal is supported by a nearly 5-to-1 margin.  Among the Independent swing voters Democrats need to sway in the 2014 election, it enjoys a 3-to-1 supportive margin.

campaign_financing_poll_supportThanks to Senator John Marty (DFL-Roseville) and others, Minnesota has better campaign financing laws than most states.    But Minnesota’s campaign finance system could be improved, and this research shows this is an opportune time to propose improvements.

It’s too late for DFLers to pass campaign financing law improvements in 2013, but it’s not too late to inject the issue into the 2014 election debate.  This would be a great time for Marty to propose GBP-type rewards for small donors, and for DFL candidates to embrace them.  It’s the right thing to do substantively, and politically.

– Loveland