Ho-Chunk may change how they dole out trust funds
BLACK RIVER FALLS, Wis. (AP) – When members of the Ho-Chunk Nation turn 18 and earn a high school diploma they receive trust funds in a lump sum that can be $200,000 or more. But too many burn through the cash and end up with little to show for their spending. A Wisconsin State Journal report (http://bit.ly/1s7qGfm ) says tribal leaders are trying to change that. They’re considering proposals to dole out the money in smaller amounts or to tie payments to college, military service and employment. Troy Wallace got $110,000 from the Children’s Trust Fund in 2006. He says it was like winning the lottery. One of the first things he did was buy a muscle car for $34,000 in cash. Now he wishes he used the money for college or invested it.
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