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Legislative analysts report Public Education Stabilization Fund is well below new 15% cap
Summary
Legislative Services Office analyst Jared Tedrow told the Joint Finance-Appropriations Committee that the Public Education Stabilization Fund (PSIF) has a $250.8 million balance and can accept about $189.6 million more before hitting a 15% statutory cap; the governor has recommended a $50 million transfer in 2026.
At a Joint Finance‑Appropriations Committee meeting, Jared Tedrow, deputy division manager in the Budget Policy Analysis Division of the Legislative Services Office, reviewed the Public Education Stabilization Fund and said the fund currently has a cash balance of $250,800,000 and ‘‘acts as a safety net for the public school support program appropriations.’’
Tedrow said the statutory cap on deposits to the fund was increased last year from 8.334% to 15% of total state funds appropriated to public…
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