Legislative analysts: Public Education Stabilization Fund at roughly $250.8 million, roughly $189.6 million below 15% cap
A Legislative Services Office analyst told Idaho's Joint Finance-Appropriations Committee that the Public Education Stabilization Fund (PSIF) held about $250.8 million on July 1, 2024, leaving roughly $189.6 million of headroom before reaching the 15% statutory cap established by recent legislation.
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Jared Tedrow, deputy division manager in the Budget Policy Analysis Division of the Legislative Services Office, told the Joint Finance-Appropriations Committee on Wednesday that the Public Education Stabilization Fund, or PSIF, is intended to act as a safety net for the public school support program appropriations.
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