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Not everyone approves of the proposals. Some tribal members think the tribe has no business telling youth how to spend their money, Others look forward to Nike Dunk Ebay
Should the 13 member Ho Chunk legislature pass the proposal, it would still need approval from the federal Bureau of Indian Affairs.
Two other Wisconsin tribes with significant gaming profits the Oneida in Brown County and the Potawatomi in Forest County distribute their trust fund money the same way the Ho Chunk do.
I had used (the money) for college, I could have been in a lot different place, he said.
trying to change that. They begun considering proposals to dole out the money in smaller amounts or to tie payments to college, military service and employment, the Wisconsin State Journal reported. The Ho Chunk Nation legislature set a 90 day public comment period, which ends this week.
Chunk may change how they dole out trust funds
Tribal leaders are Foamposite Platinum
mid 1990s, the payout was about $17,000 per teen. That figure has skyrocketed along with the tribe profits: This year qualified graduates will receive more than $200,000 before taxes.
the windfall to splurge and pay off debts.
BLACK RIVER FALLS, Wis. (AP) When enrolled members of the Ho Chunk Nation turn 18 and earn a high school diploma, they receive trust funds in a lump sum that can exceed $200,000. But too many burn through their cash recklessly, ending up with little to show.
After hearing from Ho Chunk members who regret how they spent their money, leaders proposed changes. One suggestion is to give a smaller amount up front and pay out the rest over a period of years as students meet benchmarks including going to college and getting a full time job. Already, 18 year olds must take a class on financial literacy before receiving the money.
When Troy Wallace got $110,000 from the Children Trust Fund in 2006, it was like winning the lottery, he said. He immediately bought a muscle car for $34,000 in cash, and he also traveled to Disney World and Cancun.
When the program started in the Nike Dunk J Pack
Now the 26 Nike Mag On Feet 2017 year old, who has two young kids, is unemployed and lives with his grandmother. He still has the car but it needs a new transmission.
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