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surmisez t1_ja1cr0i wrote

Rather than using taxpayers' money, those that use it should raise the funds to fix it.

I'd rather see $25M go to fix/upgrade roadways.

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Nowhere_X_Anywhere t1_ja2v848 wrote

Cool does that mean the profits generated go back to the users who paid for it as a dividend and cutting the state out of Cannon's annual profits?

I'd love to get a dividend back on my annual season pass, and give NH less money to waste on downstaters

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surmisez t1_ja3dlcg wrote

Really? Do you know of any other government property, where private donations were raised to fix/repair/update it, gave the users a dividend?

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Nowhere_X_Anywhere t1_ja50enj wrote

Wow you just don't seem to understand the concept of investments and returns do you.

It is a NH investment that has been paying out profits to the NH general fund for years. If you and other taxpayers are upset that Cannon generates profits that go to covering the state's annual budget than let NH resident pass holders get the profits in the form of a dividend, or discount on their passes.

It is an intentionally sarcastic suggestion, but I see you got lost way back at how general business entities operate so I'm sorry for you there.

Educate yourself then post comments online. All will be better for it.

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surmisez t1_ja56fuz wrote

If, and that's a big if, the government is actually running a business that turns a profit, I'd be beyond surprised. Governments do not know how to run a business, which is why they always run at a deficit. If the so-called government business puts forth that it's making a profit, an audit will reveal that its a sucking black hole, pretending to make money.

Businesses, for your information, have to run on general accounting principles, that means cash or accrual methods. It also means double entry accounting. Just because a business takes in large sums of money does nor mean that it's financially healthy, nor stable.

The government tends to forget to include the expenses involved in their schemes, instead showing that something is very profitable when in point of fact it stinks on ice.

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Nowhere_X_Anywhere t1_ja5adsa wrote

Cool so you have an opinion on a specific issue that isn't based in the facts of the specific topic. You also won't do any research because it might challenge your opinion that, by your own admission, isn't rooted in specific facts.

You are basically just humble bragging about putting effort into remaining ignorant and don't even seem to realize it.

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Nowhere_X_Anywhere t1_ja5agzq wrote

Cool so you have an opinion on a specific issue that isn't based in the facts of the specific topic. You also won't do any research because it might challenge your opinion that, by your own admission, isn't rooted in specific facts.

You are basically just humble bragging about putting effort into remaining ignorant and don't even seem to realize it.

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lunchbox15 t1_ja5t96g wrote

Cannon doesn't generate any profits for the state... As it is even including the revenue offset from the Sunapee Lease, operating cannon is a drain on the states general fund.

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