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Showing posts with the label funding

Public funding for King Charles III and royals has been recalculated due to windfarm deal profits

The U.K. Treasury says the amount of public funding for King Charles III and the royal family’s official duties has been recalculated for next year because of an unexpected profit boost from offshore wind farms on the monarch’s Crown Estate LONDON -- The amount of public funding for King Charles III and the royal family's official duties has been recalculated for next year because of an unexpected profit boost from offshore wind farms on the monarch's Crown Estate, the U.K. Treasury said Thursday. Treasury officials say they will halve the proportion of the crown estate’s profit s paid to the royal s from 25% in recent years to 12% next year. Charles and the royal family receive an annual Sovereign Grant from the Treasury that is based on a proportion of profits from the crown estate, a vast collection of land and property across the U.K. The crown estate is run independently and has assets worth around 16 billion pounds (nearly $20 billion), including some of London’s most ex...

Las Vegas ballpark pitch revives debate over public funding for sports stadiums

The proposal to help finance a new ballpark for Major League Baseball's Athletics in Las Vegas has revived nationwide debates about public funding for private stadiums, pitting Nevada’s powerful tourism industry and labor unions against some progressiv... CARSON CITY, Nev. -- Gov. Joe Lombardo wants to help build Major League Baseball's smallest ballpark, arguing that the worst team in baseball can boost Las Vegas, a city striving to call itself a sports mecca. Debate about public funding for private sports clubs has been revived with the Oakland Athletics ballpark proposal. The issue pits Nevada’s powerful tourism industry, including trade unions, against a growing chorus of mostly progressive groups nationwide raising concerns about the use of tax dollars to finance sports stadiums that could otherwise fund government services or schools. The debate over relocating the team from California to Nevada echoes others around the country. Politicians have approved large sums of ta...