Bill empowering local government investments takes effect

Legislation championed by Wyoming State Senator Tara Nethercott during the 2025 legislative session took effect July 1. The legislation enables local governments across the state to invest in equities as part of their broader financial strategies.

The new law, SF145, builds upon existing authority that already allows local governments to invest in other financial vehicles such as bonds and money market instruments.

This legislative change arrives at a critical time for Wyoming’s cities and counties, Nethercott said. With the Wyoming Legislature recently enacting property tax reductions -- providing needed relief to homeowners and landowners -- local government revenues have tightened, increasing the importance of financial flexibility and long-term sustainability.

“This legislation gives our local governments the tools they need to take greater control of their financial futures,” Nethercott said. “By allowing local investment in equities, we’re helping communities generate stronger returns, reduce dependency on state aid and ultimately lessen the need for future tax increases. It’s a win for taxpayers, local leaders and our state as a whole.”

The bill includes responsible parameters to ensure local governments make prudent investment decisions and maintain transparency with their constituents. As local governments face growing infrastructure, public safety and service demands, the ability to responsibly grow assets through diversified investments is expected to provide valuable stability, she said.

“This is about local control and financial independence,” Nethercott noted. “Our communities know their needs best. This law gives them the flexibility to meet those needs more effectively and with less burden on the taxpayer.”

With the law now in effect, local governments interested in taking advantage of the new investment authority are encouraged to review updated guidance from the State Treasurer’s Office.