[TigersEye]

If the state sold those 2-plus sections and put the money into 30 year treasury debt and just clipped the yield, it would be a far more steady source of tax revenue than severance taxes.

I was thinking something right along those lines for all revenue. If states put windfall revenues into any kind of fund and lived off of the interest those funds could have grown quite large over the decades. Maybe I am economically naive to think that that would work.

[Paleo Conservative]

I was thinking something right along those lines for all revenue. If states put windfall revenues into any kind of fund and lived off of the interest those funds could have grown quite large over the decades. Maybe I am economically naive to think that that would work.

The state of Texas does that. We have a rainy day fund financed from severance taxes.