Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Idaho's stabilization funds approach record highs; lawmakers weigh statutory cap and use
Summary
Presenters told JFAC the budget stabilization fund and public education stabilization fund would rise under the governor's proposal, nearing or exceeding statutory caps, and discussed the state's improved fiscal cushion compared with 2009.
Legislative Services Office staff reviewed Idahos major savings accounts and their roles in weathering revenue downturns during the Joint Finance-Appropriations Committee meeting.
Mr. Bybee told members that the governors recommendation would increase the budget stabilization fund by about $59 million to roughly $939 million, which would be the largest balance on record and near a statutory cap tied to a percentage of general fund revenues. He noted the legislature last year temporarily suspended the statutory cap mechanics to avoid automatic transfers back to the general fund when balances…
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
