Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Endowment Fund board requests pay bumps for two investment staff; governor did not recommend increases
Summary
The Joint Finance-Appropriations Committee (JFAC) heard a request for $100,000 in ongoing compensation funding from the Endowment Fund Investment Board to increase pay for two senior investment staff.
The Joint Finance-Appropriations Committee (JFAC) heard on-budget testimony Tuesday from the Endowment Fund Investment Board seeking additional compensation funding for two senior investment staff.
Janet Jessup, budget and policy analyst with the Legislative Services Office, introduced the Endowment Fund Investment Boards budget and noted the board manages state endowments and related funds. Chris Anton, manager of investments for the Endowment Fund Investment Board, and Thomas (Tom) Wilford, chairman of the board, answered committee questions about a compensation enhancement the board had requested for staff.
The board requested roughly $100,000 in ongoing compensation funding to increase pay for two staff members, the largest share aimed at the boards longtime deputy investment officer. Anton told the committee that the deputy has been in the same pay grade…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
