Wyoming’s Permanent Mineral Trust fund

State Treasurer Mark Gordon from the State Treasurer website.

Frequently during the legislative session you will hear lawmakers refer to Wyoming’s Permanent Mineral Trust fund.  The fund was established in 1974 by then Governor Stan Hathaway and it is funded by a portion of severance taxes or taxes paid by the energy industry and occasional money deposited by the legislature. Income from the fund can be used to pay for government.   It has a market value of roughly 5.6 billion dollars.  It’s viewed as a key part of Wyoming’s funding future. Wyoming Public Radio’s Bob Beck reports.