Permanent Mineral Trust Fund

State of Wyoming

Wyoming legislators will look to amend the state constitution in order to invest reserve account money in the stock market.  While there is risk associated with the move, State Treasurer Mark Gordon says that risk can be minimized with proper investing.

“Take some of those savings and invest them more broadly, into stocks not only bonds, so balancing the risks to make sure that the state’s savings actually not only return a little bit more…but are more defensibly invested.”

He says Wyoming’s investments overcame the economic downturn in the last decade.

As the Legislature irons out the final details of the State budget, the chairman of the Senate Appropriations Committee says lawmakers were forward-thinking with the budget. 

During a news conference, Senator Eli Bebout of Riverton said the spending reductions and cuts to some agencies were needed to get the budget in shape for future spending.