State Land Holdings generate $120 million for schools - News, Sports and Weather

State Land Holdings generate $120 million for schools

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Nearly $120 million has been generated for the Montana school trust over the past year all thanks to the states land holdings.

The Montana Land Board manages more than five million acres of land and a slightly larger area in mineral rights. The money that was generated came from land leases, logging, and other activities on the land and generates revenue which are then used to help pay for schools in the state of Montana, the annual revenue has increased from $82 million in 2004. The Department of Natural Resources and Conservation told the board today that its holdings are now worth a rough estimate of$2.6 billion and values of agricultural land have been increasing in recent years. About 8% of Montana school budgets come from the land trust.

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