Bill > HB0271

This bill modifies Wyoming's state investment and spending policy for the Common School Account within the Permanent Land Fund by reducing the annual spending policy percentage. Specifically, the bill decreases the spending policy from 5% to 4.75% for fiscal year 2026 and further reduces it to 4.5% for subsequent fiscal years. The bill changes how excess revenue from certain state funds is distributed, creating a new mechanism for crediting funds to the Common School Account and the Common School Permanent Fund Reserve Account. When the balance of the reserve account exceeds 420% of the spending policy amount, all appropriations will be credited directly to the Common School Account within the Permanent Land Fund. The changes aim to adjust the state's approach to managing and investing educational funding, with the goal of potentially preserving more long-term financial resources for public schools. The bill will take effect on July 1, 2025, providing a clear timeline for implementation of these financial policy adjustments.

Budget and Finance

https://www.wyoleg.gov/Legislation/2025/HB0271