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Endowment Fund board asks for $100,000 pay package for two investment staff; governor does not recommend raises
Summary
The Endowment Fund Investment Board requested roughly $100,000 to raise pay for two senior investment staff, citing market competitiveness and expanded portfolio complexity. The governor’s recommendation did not include the compensation increases, and board members told the Joint Finance‑Appropriations Committee they still support the request.
The Endowment Fund Investment Board told the Joint Finance‑Appropriations Committee that it is seeking roughly $100,000 in compensation increases aimed at two senior investment staff members.
Janet Jessup, budget and policy analyst with the Legislative Services Office, introduced the Endowment Fund Investment Board portion of the land‑board budgets and noted the board manages state endowments and related funds. Chris Anton, manager of investments for the Endowment Fund Investment Board, testified and said the board’s compensation committee and the board “stood behind” the recommendations submitted for the FY2026 budget.
Board chair Thomas Wilford described the history behind the request and the board’s rationale. “There's a long…
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