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On our front page this week
May 11, 2022

 

 

 

 

By Myrna Trauntvein
TN Correspondent

Juab School District is richer than it would be if it were not for the school LAND trust funds.

Ron Torgerson, Deputy Assistant Director Utah Trust Lands Administration, South West Area Land Sales and Government Leases Statewide, Richfield office, met with Juab County Commissioners and told them about the School LAND Trust program.

“A record $92.84 million from the Utah Trust Lands Permanent Trust Fund was sent to Utah Schools for the 2021-2022 school year,” said Torgerson.

He said that $750,060 were distributed to the nine schools in Juab County.

In the Juab School District: Juab High, with an enrollment of 831, received $168,106; Juab Jr. High with an enrollment of 673, received $136,143; Mona School with an enrollment of 280 received $59,070; Red Cliffs Elementary with an enrollment of 634 received $112,984; Nebo View Elementary with an enrollment of 342 received $75,584.

Tintic School District: Eureka school received $100,852, Tintic High with an enrollment of 102 received $108,283, West Desert High with an enrollment of 9 received $9,554, and West Desert School with an enrollment of 7 received $7,431.

“Trust land funds augment state education funding at no cost to Utah taxpayers,” said Torgerson. “These distributions are made through the work of the Utah School and Institutional Trust System. These distributions are the school children’s annual share from the $3.1 billion Permanent State School Trust Fund.”

Trust Land revenues are generated through leases, sales, minerals and real estate development. Revenues from the land are placed in a permanent savings account known as the Permanent State School Fund, which is not spent. The interest and dividends from the fund are distributed each year.

“The fund is invested by the School and Institutional Trust Funds Office (SITFO),” said Torgerson. “The interest and dividends at the end of each year are distributed to every public school in the state through the School LAND Trust Program.”

Every school has an elected School Community Council in place, made up of parents, staff and the principal. This council is responsible for identifying the school’s most pressing academic need and allocating the School LAND Trust Program funds in response to that need. The money comes directly to the school.