SB 2018-158: Free Higher Education for Atlasia Act (Passed)

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Can we see some calculations from the GM or Deputy GM to check if these funding measures will be sufficient enough to fund this program.

On it.

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Given that the SEC is free to determine the risk fee between 1% and 8%, I've created a low estimate where the SEC charges entirely 1% and a high estimate where the 8% is entirely charged. The actual income would be somewhere in between, once against depending on the SEC's decision. The figures are annual.

Funding:

High estimate - $5.61bn
Low estimate - $4.36bn

Cost:

$10.77bn

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Given that the SEC is free to determine the risk fee between 1% and 8%, I've created a low estimate where the SEC charges entirely 1% and a high estimate where the 8% is entirely charged. The actual income would be somewhere in between, once against depending on the SEC's decision. The figures are annual.

Funding:

High estimate - $5.61bn
Low estimate - $4.36bn

Cost:

$10.77bn

What about the 4% surcharge on incomes of $5 million and above? Did you factor that in?

Yep.

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Final estimates -

Funding:
High estimate - $10.18bn
Low estimate - $8.93bn

Cost:
$10.97bn

Explaining the high and low estimates:

Given that the SEC is free to determine the risk fee between 1% and 8%, I've created a low estimate where the SEC charges entirely 1% and a high estimate where the 8% is entirely charged. The actual income would be somewhere in between, once against depending on the SEC's decision.