Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Analysts tell JFAC Public Education Stabilization Fund holds $250.8 million, still $189.6 million shy of 15% cap
Summary
Legislative analysts reported the Public Education Stabilization Fund (PSIF) had a cash balance of about $250.8 million and remains below the statutory 15% cap; the governor has recommended a $50 million transfer on July 1, 2026.
At Wednesday's Joint Finance‑Appropriations Committee meeting, Jared Tedrow, Deputy Division Manager in the Budget Policy Analysis Division of the Legislative Services Office, presented a 10‑year review of the Public Education Stabilization Fund (PSIF) and said the fund had a cash balance of $250,880,000 as of July 1, 2024.
Tedrow told the committee the fund operates as a safety net for the public school support program; when appropriations fall short, monies can be withdrawn from PSIF, and when appropriations exceed the cap, monies…
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
