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 […]
SITLA Land Auction Nets $3.6 Million for Beneficiaries
SITLA sold 11 parcels of trust lands at its biannual public auction May 25, 2016, earning $3,657,050 for public schools, Utah State University, Miners Hospital at the University of Utah Medical Center, the Utah State Hospital, and state reservoirs. The lands sold include recreation, agricultural, grazing, and development parcels in Box Elder, Daggett, Emery, Grand, Garfield, San Juan, […]
WSLCA files comments on Proposed BLM 2.0 Land-Use Planning Rule
Western state trust land managers submitted written comments expressing concern about land-use planning amendments, “BLM Planning 2.0”, that could negatively impact the constitutional ability of states to maximize revenue for beneficiaries such as K-12 public education. The checkerboard nature of state trust land ownership across the West intertwines trust assets with federal public lands. The BLM’s […]
SITLA Considers Trust Land Sale Near Bluff, Utah
On behalf of the public education system, the Utah School and Institutional Trust Lands Administration (SITLA) is considering the sale of one, 640-acre section of school trust land west of Bluff, Utah. SITLA manages this 640-acre parcel on behalf of the K-12 school system, which was granted this parcel of land at the time of […]
#SITLAfunds16 Instagram Challenge Winners Announced
Congratulations to Spanish Oaks Elementary School in Nebo School District and Rocky Mountain Middle School in Wasatch County School District for winning the #SITLAfunds16 Instagram Challenge. In cooperation with the School Children’s Trust Office at the Utah Office of Education, SITLA organized the photo challenge asking K-12 students, parents, teachers, and administrators to show how […]
SITLA Team Earns Governor’s Award for Excellence
Congratulations to the SITLA Cave Towers Stewardship Team of Joel Boomgarden and Adam Robison, under the leadership of Kenneth Wintch, which received the 2016 Governor’s Award for Excellence in the category of Outstanding Public Service. This team coordinated a significant public/private volunteer stewardship project to protect Cave Towers, which is located on school trust lands […]
#SITLAFunds16 Instagram Challenge Underway, $45.8M in Funds Distributed This School Year
The School Children’s Trust Office at the Utah Office of Education and SITLA launched their Instagram Photo Challenge today with two $1000 School LAND Trust Fund bonuses available to the winning schools. K-12 students, parents, teachers, administrators, and School Community Council members are invited to snap a photo showing how School LAND Trust Funds are […]