K-12 Schools Receive Record $49.3M in Trust Funds
Utah K-12 schools enter the 2016-2017 school year with a record $49.3 million in annual earnings from the Permanent State School Fund. These discretionary funds supplement general fund appropriations at no cost to taxpayers. Utah State Treasurer David Damschen announced annual earnings from the Permanent Fund increased by 7.7 percent, a $3.5 million increase over […]
Treasurer David Damschen Announces Record Earnings from Utah’s Permanent State School Fund
Utah State Treasurer David Damschen today announced the annual earnings from the Permanent State School Fund, which increased by 7.7 percent to a record $49.3 million – a $3.5 million increase over the previous year’s earnings. The Permanent State School Fund is the state’s largest land grant trust fund, with a balance of $2.08 billion. […]
SITLA Assistant Director Tom Faddies Receives Award
Congratulations to Tom Faddies, SITLA Assistant Director of Mining, who received the 2016 Utah Mining Association’s Patrick E. Connor Award. Every year, the Utah Mining Association presents the Patrick E. Connor Award for distinguished service to the Utah mining industry and is the highest honor presented by the association. As such, all recipients demonstrate professionalism […]
$354K For Teaching Colleges From State Permanent Fund
Colleges of education and teaching at the University of Utah, Utah State, Dixie State, Utah Valley, Weber State, and Southern Utah universities received individual checks totaling $354,366, the annual interest and dividends from the $5.4 million Normal Schools Permanent Fund, along with rents, royalties, and fees generated from its trust lands. Teaching colleges, referred to […]