The State of Utah has tens of billions of dollars (yes, more than $10,000,000,000) in cash and short-term investments for liquidity, float, reserves, and savings. The strategy for managing this money is very important. Even a 0.1% increase in investment returns generates $10 million (yes, $10,000,000) in additional dividends to be distributed to entities of the State.
This analysis proposes increasing dividends for entities like municipalities, school districts, charter schools, water conservancy districts, and universities by altering the available investment options. Without increasing credit risk or raising taxes, we can distribute additional funds to government entities. While as an economist, I have to acknowledge there is no such thing as a free lunch, this is just about the closest thing to it.