A strong future for our local government throughout Wyoming requires government to do more with every tax dollar.
It means making smart investments that keep taxes low.
Wyoming is facing challenging economic times in the years ahead. When a local government can convert its general fund revenue portfolio from exclusively tax base to tax and investment dollars, that is a game-changer. It means your communities have the flexibility and opportunity to broaden the tax base and get the most mileage for each dollar collected.
Local communities have been good stewards of their budgets. They are intelligent and conservative. It is good business to find a way to make money off reserves and continue to provide essential services. Amendment A responsibly maximizes YOUR tax dollars.
On November 8, Wyoming voters will have the opportunity to do just that as they cast their ballots on Constitutional Amendment A. This measure would allow investing funds of counties, cities and other political subdivisions to be invested in equities.
Why is it necessary to allow Wyoming funds of cities, counties and other political subdivisions to be invested in equities?
When a local government can convert its general fund revenue portfolio from exclusively tax base to tax and investment dollars, that is a game-changer. It means your communities have the flexibility and opportunity to broaden the tax base and get the most mileage for each dollar collected.
Local communities have been good stewards of their budgets. They are intelligent and conservative. It is good business to find a way to make money off reserves and continue to provide essential services. Amendment A responsibly maximizes YOUR tax dollars.
Where is this model currently in place in Wyoming? Can we trust it?
The State of Wyoming's permanent and general funds are already invested in stocks worldwide and have delivered in spades for taxpayers. Therefore, local communities are not asking for anything that is not already done at the state level.
Why is this good for my town?
As Wyoming and its local government face an uncertain economic future, allowing additional funds to be invested in a manner like state funds– which have performed three times better than funds not invested in equities – is a painless way to increase town and county coffers and protect local dollars without raising taxes, without cutting services.
Wyoming Constitutional Amendment A ballot language:
The Wyoming Constitution allows the state to invest state funds in equities such as the stock of corporations, but does not allow the funds of counties, cities and other political subdivisions to be invested in equities. The adoption of this amendment would allow the funds of counties, cities and other political subdivisions to be invested in equities to the extent and in the manner the legislature may allow by law. Any law authorizing the investment of specified political subdivision funds in equities would require a two-thirds vote of both houses of the legislature.
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