Listen to Llew – public trust funds make good sense
A widely published column by Rep. Llew Jones, who will chair the House Appropriations Committee in the coming legislative session, deserves serious attention by Montanans and our legislators. Why? Because Jones, R-Conrad, is breaking with 50 years worth of Republican opposition to establishing trust funds for state government. He says they make good sense for the state, the taxpayers, and the future — and he’s right.
The history of trust funds in Montana is long, starting with the 1972 Constitution’s establishment of both the Permanent Coal Tax Trust Fund and the Resource Indemnity Trust as well as the Public School Fund. In 2005 citizens voted to add the Noxious Weed Management Trust Fund to the Constitution.
These funds are protected so they cannot be ripped off by any given legislature to balance the budget in a fiscally tight year. It requires a three-fourths vote of both chambers of the legislature to bust the Coal Tax Trust, while the Resource Indemnity Trust “shall forever remain inviolate in an amount of $100,000,000.” Likewise the Public School fund “shall forever remain inviolate.”
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