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CFO: State funding largely unchanged; district may receive roughly $950,000 from facilities bond pool
Summary
CFO Brian Wallace told the board the Legislature left many K‑12 formulas unchanged, provided modest categorical increases including an 8.7% medical benefit allocation, and that proceeds from a larger bond sale could yield about $950,000 for district facilities work.
Brian Wallace, the district chief financial officer, told the Lake Pend Oreille School District board on April 8 that the Idaho Legislature left most funding formulas intact and the district should plan for a largely “maintained” budget year.
Wallace said two proposed changes to a weighted student funding formula did not pass and that the district will be funded under the same attendance and funding‑unit formulas used in recent years. He said the state provided an 8.7% increase in the medical portion of funding and a 5% increase in elements of the…
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