Upload
others
View
1
Download
0
Embed Size (px)
Citation preview
How Trust Land Earned $1.7 billion for Colorado Schools
Colorado Counties, IncDenver, CO
February 14,2020
$717 million to BEST (school capital construction)
$479 million to Permanent Fund (endowment for schools)
$386 million to School Finance Act (CDE’s operating budget)
(2008-2018)
$1.7 Billion to Schools
TRUST LAND HISTORY
~1860s American Schoolchildren
~1780sAmerica’s Founders
COLORADO TRUST LAND
The Colorado Enabling Act (1875): “sections 16 and 36 … are hereby granted to said state for the support of common schools.”
~1900 schoolhouseGilpin, CO
TRUST VALUE
LEASING BUSINESSES
Most # of leases:• Weld (1273)• Moffat (471)• Logan (388)
LEASES IN YOUR COUNTIES
LEASES IN YOUR COUNTIES
350-250 leases:• Washington• Elbert• Routt• Las Animas• Lincoln• Morgan• El Paso
LEASES IN YOUR COUNTIES
249-150 leases:• Yuma• Pueblo• Adams• Larimer• Arapahoe• Kiowa• Jackson• Bent
LEASES IN YOUR COUNTIES
149-100 leases:• Kit Carson• Huerfano• Cheyenne• Park• Fremont• Otero• Baca• Saguache•Prowers
LEASES IN YOUR COUNTIES
99-10 leases:• Crowley• Conejos• Jefferson• Grand• Montezuma• Chaffee• Rio Grande• San Miguel• Eagle• La Plata• Phillips• Sedwick• Alamosa
● Boulder● Gunnison● Custer● Denver● Teller● Douglas● Dolores● Archuleta● Rio Blanco● Lake● Pitkin
LEASES IN YOUR COUNTIES
<10 leases:•Mineral•Gilpin•Hinsdale•Ouray•Summit•Mesa•Clear Creek
LOCAL TAX PAYMENTS
HOW WE OPERATE
• Governance: five-person Board• 45 employees; 7 statewide offices• Self-funded; no tax dollars used;
$7M budget• Asset owner; not operator• Layer leases and contracts• Different from ‘public lands’• Subject to local land use
regulations
MINERAL DEPENDENCE
MINERAL DEPENDENCE
RECURRING REVENUE
CURRENT DISTRIBUTION
PROPOSED DISTRIBUTION
HIGHLIGHTSMIXED USES
QUESTIONS?