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Utah voters this November will be asked whether education money should be invested. Supporters say there's a risk, but there's a great opportunity right now.
The stock market is down, so many people say it's a great time to get in. And in two weeks, Utah voters will be asked if $1 billion should go into stocks. It's Amendment E on the ballot.
State and education officials say the State School Fund and land-grant use would be invested in private equity. The return would be used to operate Utah's schools.
Utah State Treasurer Edward Alter says the key is putting the money into stable, private companies instead of publicly traded businesses.
He told the Deseret News, "The purpose is to get a broad and complete asset allocation that looks like a trust fund-like or endowment-like fund."
Voters passed something similar a few years ago for higher education money.
E-mail: mrichards@ksl.com
