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Permanent Building Fund hearing: $1.9 billion in active public‑works projects, committee hears project timelines and cost pressures
Summary
Committee members reviewed the Permanent Building Fund and public-works project pipeline, heard recommended FY2026 capital requests, and discussed deferred maintenance, project timelines, and construction cost pressures affecting whether projects should proceed now or be delayed.
The Joint Finance-Appropriations Committee reviewed the Permanent Building Fund budget and the Division of Public Works’ project portfolio, hearing from Frances Lippett, budget and policy analyst with Legislative Services, and Dale Reynolds, administrator of the Division of Public Works.
Lippett said the Permanent Building Fund accounts for multi‑year capital projects and that appropriations are structured so unexpended balances become continuously appropriated under Idaho Code. She listed the fund’s statutory revenue sources used for capital projects: a $10 fee on each income-tax filing, specified transfers from sales and cigarette taxes, a portion of beer and lottery revenue, interest earnings and transfers from the budget stabilization fund. Lippett said the state recently invested about $1.1 billion of general-fund money into capital projects and deferred maintenance,…
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