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GOVERNMENT / 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 by Christopher Conover

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

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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.

Read the 2015 State Land Report

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