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JFAC moves $330 million into public school income fund, changes timing and continuous appropriation for school facilities dollars
Summary
The committee approved a $330 million cash transfer into the public school income fund, a large facilities‑fund reduction and changes to timing and distribution that lawmakers said align accounting and accelerate when districts receive payments.
The Joint Finance‑Appropriations Committee approved multiple actions affecting school facilities funding and the timing of school district receipts. Committee members described these votes as bookkeeping and timing fixes intended to align earlier policy choices and the Legislature’s revenue forecast.
Key actions and amounts
- The committee approved a one‑time cash transfer of $330,000,000 from the general fund to the public school income fund for FY2026. Committee members and analysts said the transfer aligns the $330 million as part of the public‑school general fund base and clarifies the accounting the Legislature has been using in…
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