Continuing the Crook County News Since 1884
Continuing the Crook County News Since 1884
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The State’s WyoStar investment programs have recently come under attack, and I would like to share a few facts. These programs allow local governments to make institutional-quality investments with fees lower than what large institutional investors typically pay. The State’s manager charges 0.06 percent and independent bond managers charge 0.5-1.0 percent on average. The State is able to minimize fees by combining many smaller accounts (local government entities) together into a larger fund. These two WyoStar programs have very different pro...
During my time as Treasurer, I have seen thousands of individuals across the State of Wyoming locate money being held by our Unclaimed Property Division. Some of these checks have been in the six-figure range, and the rightful owner may not have ever been paid if not for the Unified Unclaimed Property laws in our great state. I have seen first-hand how effective this program can be, yet our federal government doesn’t want to turn over nearly $26 billion in savings bonds (an estimated $45 million belonging to Wyomingites) that have reached m...
