/ Modified jan 29, 2016 5:10 p.m.

Report: Revenue from State Land Sales, Leases Increases

Arizona voters will decide in May whether to increase payout to schools

2015 State Land Trust revenue growth Revenue comes from both lease and sale of land held in the trust.
Arizona State Land Department

Listen:

The 2015 report from the Arizona State Land Department shows total revenue for the state land trust was up 9 percent last fiscal year, to more than $200 million.

That increase is in line with what the fund averaged three of the last four years. The exception was 2013, when there was a spike in land sales.

The Permanent Endowment, which is where payments to public schools come from, has a $5.1 billion balance.

The endowment has shown a steady rise since the Great Recession.

Arizona voters will decide in a special election in May if the payout percent from the endowment should be tripled as a way to settle a funding lawsuit and add funding to schools.

By posting comments, you agree to our
AZPM encourages comments, but comments that contain profanity, unrelated information, threats, libel, defamatory statements, obscenities, pornography or that violate the law are not allowed. Comments that promote commercial products or services are not allowed. Comments in violation of this policy will be removed. Continued posting of comments that violate this policy will result in the commenter being banned from the site.

By submitting your comments, you hereby give AZPM the right to post your comments and potentially use them in any other form of media operated by this institution.
AZPM is a service of the University of Arizona and our broadcast stations are licensed to the Arizona Board of Regents who hold the trademarks for Arizona Public Media and AZPM. We respectfully acknowledge the University of Arizona is on the land and territories of Indigenous peoples.
The University of Arizona