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Endowment Fund board asks for raises for two investment staff; governor declines pay increases
Summary
The Endowment Fund Investment Board requested $100,000 in compensation increases for two senior investment staff, arguing market pay is needed to retain expertise managing billions in state assets. The governor's recommendation did not include those raises, though it supported some inflation and equipment funding.
At a Joint Finance-Appropriations Committee budget hearing, the Endowment Fund Investment Board told legislators it seeks $100,000 in additional compensation to increase salaries for two senior investment staff, while the governor's recommendation left those raises out of the proposed budget.
Janet Jessup, Budget and Policy Analyst with the Legislative Services Office, told the committee the Endowment Fund Investment Board manages a range of funds established in Idaho code, including land grant endowments and funds used by other agencies, and that the board requested a compensation enhancement for two staff members as part of its FY 2026 request.
The request: Thomas Wilford, chairman of the board, and Chris Anton, the board's manager of investments, described the increase as a longstanding adjustment the board has attempted to make. Wilford said the…
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