The Institute of Social & Economic Research

The Alaska Citizen's Guide to the Budget

Financial Assistance
provided by:

Fiscal Policy Council of Alaska

Comparisons
Cash on the Street
Labor Cost
Grants to Local Govt
Payments to Individuals
Purchases from Business
Inflation Proofing, etc.
Intragovernmental Charges
Appropriations to COTS
Economic Impact of COTS
 
 
 

 

 

2. Cash on the Street

2.8 The Economic Impact of Cash on the Street

The $6.8 billion from state government activities that became "Cash on the Street" in 1999 generated jobs and income throughout the economy, mostly in the private sector. We estimate about 98 thousand jobs in total were dependent, both directly and indirectly, on these billions.

Jobs Generated by "Cash on the Street" for 1999 (thousands)
Category

Annual Jobs

Total
97.8
Operations: Personnel
31.6
Operations: Local Operating Grants
25.0
Operations: Local Debt Service
-
Operations: Grants to Persons
5.5
Operations: Contracts
3.1
Operations: Debt Service
-
Operations: Commodities
.9
Operations: Travel
.4
Operations: Equipment
.1
Operations: Misc
.4
Capital
12.6
PF Dividend
9.4
Other
-
Public Employee Retirement
3.3
Unemployment Comp
.6
AK Railroad
.8
State Shared Taxes
4.1
Source: ISER calculation. Annual jobs.

The personal income generated by this spending was about $5.43 billion.

Personal Income Generated by "Cash on the Street" for 1999 (billion $)
Category

Personal Income

Total
$5.43
Operations: Personnel
$1.30
Operations: Local Operating Grants
$ .92
Operations: Local Debt Service
-
Operations: Grants to Persons
$ .66
Operations: Contracts
$ .10
Operations: Debt Service
-
Operations: Commodities
$ .03
Operations: Travel
$ .01
Operations: Equipment
$ .00
Operations: Misc
$ .01
Capital
$ .56
PF Dividend
$1.13
Other
-
Public Employee Retirement
$ .40
Unemployment Comp
$ .07
AK Railroad
$ .03
State Shared Taxes
$ .20
Source: ISER calculation. Personal Income from state spending.

The job and income multipliers used to generate these estimates are shown in the next 2 tables. These reflect the total, direct and indirect, impact of $1 million of "Cash on the Street" from various types of spending.

"Cash on the Street" Job Multipliers for 1999
Category

Govt
Jobs

Other Jobs

Total Jobs

Operations: Personnel
15
12
27
Operations: Local Operating Grants
10
12
22
Operations: Local Debt Service
-
-
-
Operations: Grants to Persons
-
11
11
Operations: Contracts
-
12
12
Operations: Debt Service
-
-
-
Operations: Commodities
-
7
7
Operations: Travel
-
8
8
Operations: Equipment
-
7
7
Operations: Misc
-
7
7
Capital
-
10
10
PF Dividend
-
11
11
Other
-
-
-
Public Employee Retirement
-
6
6
Unemployment Comp
-
6
6
AK Railroad
-
11
11
State Shared Taxes
-
17
17
Source: ISER calculation. Annual jobs per $1 million of state expenditure.

 

"Cash on the Street" Income Multipliers for 1999
Category

Personal Income

Operations: Personnel
$1,106
Operations: Local Operating Grants
$807
Operations: Local Debt Service
-
Operations: Grants to Persons
$1,323
Operations: Contracts
$389
Operations: Debt Service
-
Operations: Commodities
$243
Operations: Travel
$243
Operations: Equipment
$243
Operations: Misc
$243
Capital
$432
PF Dividend
$1,323
Other
-
Public Employee Retirement
$662
Unemployment Comp
$662
AK Railroad
$455
State Shared Taxes
$807
Source: ISER calculation. Annual personal income (thousand $) per $1 million of state expenditure.

 

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Page Updated April 16, 2003

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