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JFAC reviews Public Education Stabilization Fund as balance nears 15% cap
Summary
Legislative staff briefed the Joint Finance‑Appropriations Committee on the Public Education Stabilization Fund balance, the statutory 15% cap established by recent legislation, and a governor-recommended transfer; committee will consider transfers as required by Idaho code.
The Joint Finance‑Appropriations Committee heard a fund review of the Public Education Stabilization Fund from Jared Tedrow, deputy division manager in the Budget Policy Analysis Division of the Legislative Services Office.
Tedrow told the committee the Public Education Stabilization Fund (PSIF) acts as a safety net for public school support program appropriations: if appropriations fall short, the fund can be withdrawn; if appropriations exceed the cap, dollars are deposited to the fund. He said the fund cap historically…
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