New local government investments takes effect this week

CHEYENNE (WNE) — Legislation enabling local governments across the state to invest in equities as part of their broader financial strategies became effective on Tuesday, July 1.

Senate File 145, championed by Sen. Tara Nethercott, R-Cheyenne, during the 2025 legislative session, builds upon existing authority that already allows local governments to invest in other financial vehicles, such as bonds and money market instruments.

“This legislation gives our local governments the tools they need to take greater control of their financial futures,” Nethercott said in a news release. “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, the release said. 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.

“This is about local control and financial independence,” Nethercott said. “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.”

This story was published on July 1, 2025.