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Legislative analysts report Public Education Stabilization Fund at $250.8 million, cap now 15%
Summary
Legislative Services Office analysts told the Joint Finance Appropriations Committee that Idaho’s Public Education Stabilization Fund (PSIF) held $250.8 million as of July 1, 2024, leaving roughly $189.6 million of capacity before reaching a 15% cap established by recent legislation; the governor has recommended a $50 million transfer in 2026.
Jared Tedrow, deputy division manager in the Legislative Services Office’s Budget Policy Analysis Division, told the Joint Finance Appropriations Committee that the Public Education Stabilization Fund — PSIF — acts “as a safety net for the public school support program appropriations.”
Tedrow said the PSIF cap was historically 8.334% of state funds appropriated to public schools but was increased to 15%…
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