Record $65 Million Dollar Distribution
The Common School Fund was established by Wisconsin's founders in Article 10 of the State Constitution as a permanent school trust fund. By investing in community projects throughout the state through the State Trust Fund Loan Program, the Board of Commissioners of Public Lands generates earnings for the Common School Fund. The Fund also receives clear proceeds of all fees, fines and forfeitures (including unclaimed and escheated property) that accrue to the state. Earnings are distributed annually to public school libraries. These monies are the sole source of state funding for public school libraries. For many school districts this is the only money available to them for library materials including books, newspapers and periodicals, web-based resources, and computer hardware and software.
This year a record distribution of $65 million was announced on November 20, 2023.
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