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Legislative analysts brief JFAC on Public Education Stabilization Fund balance and cap
Summary
Jared Tedrow, deputy division manager in the Budget Policy Analysis Division of the Legislative Services Office, told the Joint Finance-Appropriations Committee the Public Education Stabilization Fund (PSIF) serves as a safety net for public school support program appropriations and currently holds a balance well below the statutory cap.
Jared Tedrow, deputy division manager in the Budget Policy Analysis Division of the Legislative Services Office, told the Joint Finance-Appropriations Committee the Public Education Stabilization Fund (PSIF) serves as a safety net for public school support program appropriations and currently holds a balance well below the statutory cap.
“Public Education Stabilization Fund or PSIF is, it acts as a safety net for the public school support program appropriations,” Tedrow said during a presentation to JFAC. He said the fund had a cash balance of $250,800,000 as of July 1, 2024, and is producing interest income each month.
The presentation outlined why the…
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