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House backs reducing permanent mineral trust fund spending rate amid sharp debate over school, hospital funding
Summary
The Wyoming House Committee of the Whole recommended passage of House Bill 270 and House Bill 271 to reduce the spending policy on the Permanent Wyoming Mineral Trust Fund and the Common School Account from 5% to 4.5%, voting 30‑23 and 30‑28 respectively in committee.
The Wyoming House Committee of the Whole recommended passage of House Bill 270 and House Bill 271 on Jan. 30, 2025, proposing to lower the spending policy used to draw from the Permanent Wyoming Mineral Trust Fund (PWMTF) and the Common School Account from 5% to 4.5%. The committee vote recorded for HB 270 was 30‑23 and for HB 271 was 30‑28.
Proponents said the change deliberately reduces the amount flowing into the general fund today in order to speed growth of reserve accounts that would later be invested more aggressively to generate larger returns. “This is an opportunity for us to change the direction of our state in the way that we invest our funds,” Representative Brad Baer said as he explained the measure’s intent to increase future investment income.
The bill’s supporters and several investment…
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