VALAR WATCH
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374 facts · 512 sources · updated 2026-09-30

Fact mine-032

newrecordconfirmed Trust Lands' own records differ on what the Wellington parcel now earns: $4,000 a year (memo) vs a month (minutes)
2026-08-20 · mine-032 · Utah Trust Lands Administration

The staff memorandum (August and September versions) says the parcel has generated 'approximately $4,000 per year', mostly from the Utah National Guard lease; at the 20 August meeting staff told the board 'we are making $4,000 and some change' without saying per what period. The official 20 August 2026 minutes, approved and posted in September, record staff saying it yields approximately $4,000 per month from the Utah National Guard. The memorandum's figure is the one used to argue the Valar deal is a strong opportunity for the trust.

In plain termsA small but real inconsistency in the state's own paperwork about how much the land earns today, which is the baseline used to judge whether the Valar deal is a good one for school funding.
verified 2026-09-29: Re-read 2026-09-29: memo p. 31 and final minutes p. 5 quotes exact. Corrected the transcript wording ('$4,000 and some change', no period stated).

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