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Staff explain growth of Idaho’s budget stabilization and education reserve funds and statutory caps
Summary
Legislative analysts described proposed transfers to savings accounts, how statutory caps operate, and the state’s larger cash posture compared with 2009 recessionary reserves.
Legislative Services Office staff showed the Joint Finance-Appropriations Committee charts of the budget stabilization fund (BSF) and the Public Education Stabilization Fund (PESF) and explained how transfers and statutory caps affect those balances.
Keith Bybee explained the governor’s FY2026 recommendation includes a proposed $59 million transfer to the budget stabilization fund that — if enacted and if revenue projections hold — would bring the balance near $939 million…
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