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Permanent Building Fund: committee reviews capital slate, deferred maintenance and Chinden Campus costs
Summary
Legislative analysts and the Division of Public Works briefed Joint Finance on the permanent building fund's structure, multi-year project accounting, a $1.9 billion active project portfolio, and the fiscal 2026 project recommendation including higher-education and military facility requests.
The Joint Finance Appropriations Committee received a multi-year briefing on the permanent building fund, its revenue sources, and the division of public works' active capital and maintenance projects.
Analyst Frances Lippett explained the permanent building fund is structured to support multi-year capital projects and that unexpended balances at the end of a fiscal year are continuously appropriated pursuant to section 57-1105 of Idaho Code. She summarized statutory revenue sources for the permanent building fund, including a $10 fee on income-tax filings, portions of sales, cigarette and beer taxes, a share of lottery proceeds, and interest earnings.
Lippett told the committee the total value of active public works projects is about $1.9 billion, with roughly $1.4 billion in capital projects; about 42% of capital funding has been committed. She recapped the division's November capital budget report, and listed fiscal 2026 requests the…
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