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Legislative analysts brief JFAC on Public Education Stabilization Fund status
Summary
Legislative staff told the Joint Finance-Appropriations Committee the Public Education Stabilization Fund is well below its 15% cap but could receive further deposits absent action; staff outlined history, balances, and a potential governor-recommended transfer.
Jared Tedrow, deputy division manager in the Budget Policy Analysis Division of the Legislative Services Office, briefed the Joint Finance‑Appropriations Committee (JFAC) on the status of the Public Education Stabilization Fund (PSIF). He told the committee the fund functions as a safety net for the public school support program and is governed by statute requiring JFAC to review the fund and consider transfers if withdrawals occur.
The fund’s cap has been raised from the historical 8.334% to 15% of state funds appropriated to public schools,…
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