Like many countries, several U.S. states have created sovereign wealth funds to finance certain services (typically public education) or to provide general revenue to the state government itself.[1][2] This article comprises the known such funds and their monetary amounts.
Table
Rank | State | Fund | Assets | Origin | ||
---|---|---|---|---|---|---|
Value (in billions) | As of | Ref. | ||||
1 | Alaska | Alaska Permanent Fund | 74.455 | December 2022 | [3] | Petroleum |
2 | Texas | Permanent School Fund | 55.624 | August 2022 | [4] | Commodity / petroleum |
3 | Permanent University Fund | 31.763 | August 2022 | [5] | ||
4 | New Mexico | New Mexico State Investment Council Permanent Funds | 31.000 | December 2020 | [6] | Petroleum |
5 | Wyoming | Wyoming Permanent/Endowment Funds | 12.6 | March 2017 | [7] | Minerals |
6 | North Dakota | North Dakota Legacy Fund | 8.2 | November 2022 | [8] | Petroleum |
7 | Alabama | Alabama Trust Fund | 2.5 | June 2016 | [9] | Petroleum |
8 | Utah | State School Fund | 2.0 | March 2015 | [10] | Public lands |
9 | Oregon | Oregon Common School Fund | 1.4 | December 2016 | [11] | Public lands |
10 | Louisiana | Louisiana Education Quality Trust Fund | 1.3 | June 2016 | [12] | Petroleum |
11 | Montana | Coal Severance Tax Trust Fund & Public School Trust | 1.2 | June 2016 | [13] | Fossil fuels / Public lands |
See also
References
- ^ Brenna Erford; et al. (2016-06-29). "Louisiana Voters to Decide on Severance Tax-Based Sovereign Wealth Fund". The Pew Charitable Trusts. Retrieved 2017-04-15.
- ^ "From Volatile Severance Taxes to Sustained Revenue". The Pew Charitable Trusts. 2016-10-06. Retrieved 2017-04-15.
- ^ "Our Performance". Alaska Permanent Fund Corporation. Retrieved 2023-02-10.
- ^ Texas Permanent School Fund: Annual Comprehensive Financial Report (PDF) (Report). Texas Education Agency. 2022-08-31. p. 19. Retrieved 2023-02-10.
- ^ Financial Statements and Independent Auditor's Report: Permanent University Fund (PDF) (Report). The University of Texas/Texas A&M Investment Management Company. 2022. p. 5. Retrieved 2023-02-10.
- ^ 2021 Report to Stakeholders (PDF) (Report). New Mexico State Investment Council. 2021. p. 4. Retrieved 2023-02-10.
- ^ Wyoming State Treasurer's Office (2017-03-31). "Wyoming State Investment Portfolio" (PDF). Wyoming State Government. Retrieved 2017-04-15.
- ^ Retirement & Investment Office (2023-01-28). "Legacy Fund". North Dakota State Government. Retrieved 2023-01-28.
- ^ Office of State Treasurer (2017). "Alabama Trust Fund". Alabama State Government. Retrieved 2017-04-15.
- ^ Utah State Treasurer (2017). "State School and Institutional Trust Funds". Utah State Government. Retrieved 2017-04-15.
- ^ Oregon State Treasury (2017). "Funds Under Management". Oregon State Government. Retrieved 2017-04-15.
- ^ Louisiana Department of the Treasury (2016). "Louisiana Education Quality Trust Fund 2016 Annual Report" (PDF). Louisiana State Government. Retrieved 2017-04-15.
- ^ "Montana Board of Investments 2016 Annual Report" (PDF). Montana Board of Investments. 2016-12-28. Retrieved 2017-04-15.
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