How Permanent Trust Funds Help States Save for the Long Term

Natural resource extraction is a key component of many Western states’ economies and often generates a sizeable share of state revenue. However, natural resources are finite, the price of energy commodities is increasingly unpredictable, and revenues are volatile and tough for state forecasters to accurately predict. As a result, many states have created severance tax-based sovereign wealth funds to set aside a share of today’s revenue in order to generate investment earnings for state use in the future. This free CSG eCademy features Patrick Murray of The Pew Charitable Trusts, who presents presents findings and policy recommendations from a new issue brief titled “From Volatile Severance Taxes to Sustained Revenue: Key Recommendations to Improve State Sovereign Wealth Funds,” outlining challenges and opportunities for state policymakers in energy-producing states.

 

How Permanent Trust Funds Help States Save for the Long Term
FREE CSG eCademy Presented by CSG West
Tuesday, Aug. 30, 2 p.m. EDT

 

 

Download the slides in PDF.
 

Presenter:

Patrick Murray
Senior associate, The Pew Charitable Trusts
Full bio>>

 

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