At an event at Nibley Park School, Utah State Treasurer David Damschen, State Superintendent of Public Instruction Sydnee Dickson, and School and Institutional Trust Lands Administration Director David Ure have announced that Helen M. Knight Elementary School would be part of the largest distribution from the Permanent State School Fund in Utah history.
The distribution to HMK for 2017-2018 will be $142,150 — and the school was noted by state officials for dedicating a portion of School LAND Trust funds over the past few years to extending the “learning experiences for students.”
“The school’s plan supports teaching positions in the arts and language acquisition programs,” said Mark Peterson, the public relations director of the Utah Board of Education. “Students learn through in-person experiences at each grade level. First-grade students travel to Arches National Park to study landforms, art and science; fifth-grade students participate in a traveling American history classroom to Boston.”
The year’s disbursement to schools increased to a record $64.25 million — a 30 percent increase over the previous year’s distribution of $49.3 million. The spike in distributions is due to continued growth and investment of the $2.3 billion Permanent State School Fund and Utah voter passage of Constitutional Amendment B in November 2016.
“Every dollar we earn through prudent investment of the Permanent State School Fund is a dollar in school funding not paid by the Utah taxpayer — and this is the highest distribution in Utah history thanks to Utah voters’ passage of Amendment B,” Damschen said.
Under the School LAND Trust Program, investment earnings from the Permanent State School Fund are distributed to individual schools statewide to support academic programs. Each school’s community council, comprised of parents, teachers and the principal, annually determines greatest academic needs.