This November, Utahns will vote on constitutional amendment that would raise the current cap on distributions from the Permanent School Fund from 4% to 5%.
If the amendment were in place today, students would have received $15 million beyond the $102 million in LAND Trust distributions they received this school year.
Supporters
Supporters of the Raise the Cap constitutional amendment include:
- Utah Treasurer Marlo Oaks
- Utah State Board of Education
Both the Utah House and Senate unanimously approved HJR18 Proposal to Amend the Utah Constitution - State School Fund, allowing Utah voters to consider increasing the Permanent School Fund annual distribution cap from 4% to 5%.
Established at statehood, the Permanent School Fund tops $3 billion. Each school year, Utah students receive interest revenue, called LAND Trust distributions, from this permanent endowment. Currently, annual LAND Trust distributions from the endowment are capped at 4% of the fund.
This Raise the Cap Amendment will increase LAND Trust distributions up to to 5% annually and promote balance of distribution earnings among current and future schoolchildren.
LAND Trust distributions from the Permanent School Fund are unique.
Each school uses its funds on its most critical need as determined by its School Community Council. Comprising parents, teachers, and principals, each School Community Council determines how to best use its funding, whether it's one-on-one reading or math tutoring programs, college prep courses, science labs or other academic needs.
Utah's Raise the Cap Amendment may increase LAND Trust funding for your school.
Please share this information with your community:
- Raise the Cap Brochure
- 2024/25 LAND Fund Distributions by District with 5% Increase if Amendment Passes
- Permanent Fund Tops $3.3 billion, Amendment May Increase Fund Distributions
Contact:
Kim S. Christy, Director
Land Trusts Protection and Advocacy Office
801-201-7480