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Ducey: AZ trust fund ends the month above $4 billion

Wednesday, May 15th, 2013

Download the Q2 2013 edition of Inside the Vault.
As the weather continues to warm up, so are the markets. These gains have proven valuable to our Permanent State Land Endowment Trust Fund, which helps fund K-12 education.

The February closing market value for the trust fund was $4,010,564,397, marking the first time in state history that it has ended a month above the $4 billion mark. It took 88.5 years for the endowment to reach its first $1 billion in August 2000, a little more than 6.5 yea...

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