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On Air Staff and WPM Interns
Mon August 14, 2006
Legislature On Track To Meet Savings Goal
Laramie, Wy – Wyoming will easily meet the goal of having four billion dollars in the Permanent Mineral Trust Fund by the year two thousand ten. In fact, it will probably get there by two thousand nine, and legislators don't have to do another thing. That's according to the state treasurer's office. Michael Walden-Newman is the Chief Investment Officer for the treasurer. "As it turns out, the goal of having the state's Permanent Mineral Trust Fund reach four billion by 2010 I think was more easily achievable than people imagined at the time. " State legislators publicized their four billion-dollar savings goal in early 2005 and have taken measures to add to the fund since then, which has helped its growth. In addition, revenue from the strong energy market is bolstering the permanent account.