Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Idaho’s savings accounts near statutory caps; governor proposes $59 million boost to budget-stabilization fund
Summary
Legislative Services Office told JFAC the governor would transfer $59 million to Idaho’s budget stabilization fund under his recommendation, potentially bringing the fund to roughly $939 million and near the statutory 15% cap. The public-education stabilization fund would move to about $293.6 million under the governor’s numbers.
Keith Bybee presented the committee an overview of the state’s key savings accounts and how the governor’s proposal would affect balances.
Bybee said the governor’s recommended $59 million transfer to the budget stabilization fund would raise the account from about $880 million to roughly $939 million — “largest it’s ever been,” he said — and could reach the statutory cap of 15% of general-fund revenues depending on final receipts. He reminded members that last year the Legislature temporarily set aside the statutory cap language to avoid…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
