Town of Mt. Morris receives State Trust Fund Loan

The Board of Com-missioners of Public Lands approved a State Trust Fund Loan totaling $110,000 to the Town of Mt. Morris to purchase a tractor and accessories during their Nov. 7 meeting.

Board Chair Brad Schimel and Commissioner Doug La Follette voted in favor of the loans with Commissioner Matt Adamczyk voting no. The Board approved loans totaling $8,358,842.50 at today’s meeting.

The BCPL operates entirely on program revenue, without taxpayer money and distributes more than 96 cents of every dollar of interest earned on BCPL State Trust Fund investments to Wisconsin’s public schools. The 2017 earnings of $32.1 million are the sole source of state funding for K 12 public school library materials.